Address: Palm Bay, Florida 32907
ARV: $800,000 (As-is)
Loan Amount: $100,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 50%
Loan Purpose: Cash out Refi
Funded September 3, 2025
HML Solutions recently funded a $100,000 second mortgage designed to provide a local developer with fast, strategic capital to keep multiple construction projects moving forward without interruption. By leveraging five vacant lots along with a home nearing completion, we structured the loan at an approximate combined 25% loan to value, creating immediate liquidity while preserving the borrower’s existing financing structure.
The collateral included five vacant residential lots and four homes under construction located throughout Palm Bay and Port St. John. Each property carried an estimated value of approximately $100,000, forming a strong collateral position within active and growing residential markets.
The developer was experiencing delays caused by another lender’s slow draw process on one of the projects, which began impacting crews, timelines, and overall project momentum across his pipeline. With construction schedules tightening and additional acquisition opportunities ahead, he needed a dependable funding solution that could move quickly and efficiently.
Through HML Solutions’ asset based lending approach, the borrower gained immediate access to working capital, allowing construction crews to remain active, timelines to stay on schedule, and multiple projects to continue progressing simultaneously. The financing helped reduce costly downtime and gave the developer the flexibility needed to stay focused on completing and delivering quality homes without disruption.
