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Updated over 1 year ago,

User Stats

308
Posts
118
Votes
Jim Blackburn
  • Lender
  • Pompano Beach, FL
118
Votes |
308
Posts

600k 10% fixed Rate

Jim Blackburn
  • Lender
  • Pompano Beach, FL
Posted

Seeking 600k secured by 2nd lien on waterfront property in prestigious neighborhood. Offering 10% fixed rate.

Please send me DM with your name, email and phone # to receive a copy of the most recent appraisal, current comparative market analysis, and business plan for use of funds. Thank you for your consideration.

Location is Lighthouse Point between Fort Lauderdale and Boca Raton. Lighthouse Point is known as one of the safest, most stable appreciating quiet neighborhoods of all surrounding Fort Lauderdale cities. It has its own Police, Fire, Library and Council.
Waterfront home values range bw 2-5m. Last appraisal from 1 year ago was 1.8m. Most recent comp sales support 2-2.1m.

Market Facts the Support Continued Collateral Appreciation

  • * S&P 500 returns appear to be dim in the coming years. Investors turning elsewhere for dependable double digit yields with strong collateral.
  • * Massive housing shortage (just 2 months of inventory available in Florida) especially on unique waterfront homes in the best neighborhood.
  • *High demand for Florida lifestyle from snowbirds, retirees and permanent relocators with remote work capability.
Offering

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