Deal Summary
INSIGNIA arranged $260,000 of short-term fix and flip acquisition financing for a 1,946 SF single family rehab property in Wimauma, Florida, in the Tampa market.
| Item | Detail |
|---|---|
| Transaction type | Fix and flip acquisition financing |
| Property | Single family rehab, 4 bed, 2 bath, 1,946 SF, built 2017, non-owner-occupied |
| Location | Wimauma, Florida 33598 (Tampa market) |
| Total financing | $260,000 |
| Loan structure | Interest-only bridge loan |
| Term | 6 months |
| Capital source | Proprietary capital |
The Transaction
The investor needed short-term capital to acquire, renovate and resell a 1,946 SF single family home on a 10,877 SF lot. INSIGNIA arranged an interest-only bridge loan funded with proprietary capital, structured for a quick execution and a balloon payment at maturity, with repayment expected from the sale or refinance of the improved property.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $260,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 6 months |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Short-term acquisition and renovation capital is a core part of our practice, and we place it using the capital source that fits the investor, the asset and the business plan.
This summary describes a closed transaction for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
