St. Petersburg, Fl
WLW Capital extended a commercial Fix and Flip loan on this waterfront property located in the desired Sun Plaza Isles, in NE St. Petersburg Fl. Borrower additionally collateralized this loan with another property, a tenant occupied townhome in central Tampa to further secure the loan. WLW extended borrower a 2 year time, ample time to complete his project and sell for a healthy profit.
Loan Amount: $310,000
Loan To Value: 69%
Term: 2 years
Type: Fix and Flip/ Cash out Refinance