funded by community capital

$3,100,000 Commercial Investment Property

Ft. Lauderdale, Florida

Refinance opportunity for a commercial office building in Fort Lauderdale, Florida. The borrower, a successful entrepreneur behind multiple award-winning startups, seeks funds to pay off the mortgage through traditional refinancing. The collateral includes a 1st Mortgage, Assignment of Rents and Leases, UCC-1 Financing Statement, and a personal guaranty. The borrower’s business, Startups.Club, operates from the property, offering co-working spaces and professional events.

loan overview

$500,000

loan priority

1st Mortgage

loan type

loan to value (LTV)

appraisal value

$3,100,000

Location

Ft. Lauderdale, Florida

term length (months)

24 Months

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