Tampa area

Mr. Hard Money worked some magic on this one 10 unit commercial property in the Tampa area. The borrower got a $265k loan at 13% for 1 year. This borrower has amazing plans to rehab this property and create independent living areas for Veterans! The rate is higher than normal for a few reasons, including this being a construction loan with periodic disbursements. Mr. Hard Money (aka Gene) needed a plan from this very organized borrower as well as a specific rehab/construction budget. The borrower got money for the purchase AND the work he plans for the property. This will be a sought-after property when this borrower’s work is complete!