Loan Details
| (N/A) | 4/12/16 | Commercial & Residential | $775,000.00 USD (cross-collateralized) | 1 year | <46% | 844-742-9900 ext. 710 |
Clearwater, FL & Manhasset, NY
960 Plandome Rd. & 13710 49th St.
The borrower was in need of quick capitalization for the purchase of another commercial property to add to his portfolio. To collateralize the loan, the borrower offered a commercial rental building in Clearwater, FL (generating annual net rental revenue in excess of $125,000.00), along with an estate-type residential property in Manhasset, NY (valued at over $1.5MM). The loan has been paid as agreed since inception.
960 Plandome Rd.
Manhasset, NY
| Property Value | Total First Lien Position |
|---|---|
| >$1,500,000.00 | $775,000.00 (cross-collateralized) |
Estate-type residential property in Manhasset, NY (valued at over $1.5MM).
13710 49th St.
Clearwater, FL
| Property Value | Total First Lien Position |
|---|---|
| $950,000.00 | $775,000.00 (cross-collateralized) |
Multi-unit commercial rental building in Clearwater, FL (generates annual net rental revenue in excess of $125,000.00).
