Santa Rosa Beach, FL

$325,000

Single Family Residence

Purchase

03/15/2016
Transaction by
Refresh Funding
$325,000 private money loan for the acquisition of a single family home in Santa Rosa Beach, a small coastal town in Walton County, Florida. The purchase price was $535,495. The Borrower put down 39% in cash toward the purchase, so our private money loan is 61% LTV (loan-to-value). The property size is approximately 1,863 square feet. The property was delivered vacant and is in good condition. The Borrower plans to rent the home and hold it as a long-term investment. He plans to refinance with a conventional lender within 12 months. We quickly funded this 1st trust deed private mortgage in just 10 days.