Deal Status

Active

Property Address

7519 Main Street North, Jacksonville Florida 32208

Requested Loan Amount

$158,481

Loan to Value

57%

Loan Term

60 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Other

Collateral and Loan Details

Commercial Property Type

Mixed-Use

Unit Mix Multifamily

2

Unit Mix Office

2

Number of Units

4

Current Occupancy

Vacant

Loan Type

Acquisition and Value-Add

Square Footage

4,128

Renovation Cost Estimate

$60,000

Renovation Description

Purchase price $120,000 Rehab 60,000 The first floor consists of 2 commercial/retail/storefront units that are vacant and in need of a complete rehab and the upstairs of the building consists of 2 bedrooms and a kitchen which also require significant renovation.

Renovation Budget

Yes

Future Value

$350,000

Future Loan to Value

57%

Contractor

No

Team Ready

Yes

APN Parcel ID

033984-0010

Lot Size

0.16 acres

Will additional properties be collateralized?

No

Borrower Entity

Corporation

Borrower Credit Rating

Good

Exit Strategy Details

Buy, Rehab, Lease and Hold

First Name

Roger

Last Name

Holden

Phone Number

(561) 220-2209

Company

Holden Research, Inc.

Role

Borrower

Location

Royal Palm Beach, Florida

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