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Loan Request for Commercial loan in Port Charlotte, FL, 33980

Request #3714742 by Lender

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2/20/2025 10:51:12 PM
Port Charlotte, FL, 33980, USA Show Map
Commercial
$46,000,000
$8,000,000
$19,000,000
41.3 %
750-759
Refinance all
max cash out to payoff his $5.2m first position loan, purchase 1-2 parcels next door to the property and replenish $400k in working capital that was expended with the hurricane clean up. The first parcel that he is very interested in is $10m for 16.4 acres and will increase his units from 155 to 365 and slips from 29 to 367 and property value to $55m. His exit is to refinance in approximately 3 years with a new construction loan and is open to debt/equity options for the construction phases as well. He'd like to close asap.

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