The short version:
My business partner and I are seeking a $55,000 1st position bridge loan on our 1 bedroom oceanfront condo located at 3647 S. Atlantic Ave, Daytona Beach Shores, Fl. Property value is $275,000 based on recent sales. Offering 15% APR for a 12 month term, with a minimum return of $5,500 (Straight 10%) if repaid in under 6 months. Funds are to satisfy assessments levied for hurricane damage from Fall of 2022 and structural upgrades to the balconies required by the county and state. Most of this work has been completed or is nearing completion.
My partner and I have 2 STR condos, 1 LTR doublewide, and occasionally flip properties in the central Florida market. We have been very successful overall and have not needed outside capital in the past 3 years, but have hit a bit of illiquidity during the building closure for the hurricane repairs, and are seeking to bless someone with above average returns in exchange for assistance over this hurdle.
The condos have a strong rental history even through the hurricane damage and construction period, and we anticipate repairs being fully completed and rents at full market rates by June 1,2024. We are extremely well insured by Proper Insurance and rebuilt to the most recent codes in preparation for the upcoming hurricane season.
Please see the links below for more information and contact me for any additional questions you may have.
Beach Condo Loan Pitch
Click above for more details on this opportunity (The longer version)
https://airbnb.com/h/contemporarycottagecondo
See link above for pictures of the subject property and rental calendar
One suggestion to get better results is to upload a photo and description in you profile. No one likes a faceless name.
Was actually just in the process of doing that. Hadn’t realized I didn’t do it when I first got set up.
Thank you, Chris!
Also realizing that the PowerPoint I uploaded isn’t opening correctly in the post. This is available for anyone who might need it.
Hello Marti. Are you still looking for the bridge loan? If so, could you send me the Powerpoint? Thank you. Todd
I can help as a lender, we offer a 3-5 days quick closing and our rates are incredible. Send me a pm for more information about our programs, services, website and how to get started.
Todd and John,
I hadn’t seen your messages. I’m on the free version currently, so there isn’t much I can do in this platform yet.
Yes, still seeking the funding for this deal.
Please contact me directly at Marti@purpleflamingoENT.com or text then call 407-398-9239
Marti