Daytona Beach, FL
Property: Commercial Office Property
Deal Type: Cash-Out Refinance
Loan Amount: $500,000
This deal was a cash-out refinance. The proceeds from this loan were used to purchase another investment property in Daytona Beach (955 Orange Avenue) which Stronghill also funded.
Stronghill won this deal because we were able to meet our sponsor’s deadline and close on time to ensure that our sponsor could simultaneously close on their acquisition.