Walk-to-beach contemporary coastal spec home with private pool in Naples Park.
LOAN AMOUNT
$920,000
Developer needed closing on lot acquisition within 10 days to maintain architectural plan rights.
Closed land acquisition and approved $920,000 construction budget in a single closing.
The Outcome
Sold on MLS for $1,620,000 in under 30 days.
Deal Highlights
LOAN AMOUNT
$920,000
LOT PURCHASE
$380,000
BUILD BUDGET
$620,000
LEVERAGE
75% LTC
PROJECTED ARV
$1,550,000
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