Address: West Palm Beach, FL 33407
ARV: $1,415,000 (As-is)
Loan Amount: $425,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 30%
Loan Purpose: Purchase
Funded February 25, 2026
HML Solutions recently funded a $425,000 bridge loan secured by a fully approved development site located on Haverhill Road in West Palm Beach, providing the borrower with fast capital to complete a time sensitive acquisition. Structured at approximately 30% loan to value, the financing allowed the borrower to secure the property and preserve a high impact multifamily housing development opportunity.
The collateral consisted of a vacant land parcel totaling approximately 33,976 square feet positioned directly along a major roadway with strong visibility and accessibility. The site was fully approved for the development of 31 low income housing units, creating significant long term value within a market experiencing growing demand for affordable housing solutions.
The borrower was in the final stages of acquisition when their original lender unexpectedly withdrew from the transaction, leaving only 48 hours remaining to close. With approvals already in place and substantial capital and planning invested into the project, immediate financing became critical to avoid losing the opportunity.
Through HML Solutions’ streamlined asset based lending approach, our team expedited underwriting, title, and due diligence to meet the borrower’s aggressive timeline and deliver funding within days. The transaction highlights HML Solutions’ ability to execute under pressure by providing fast, dependable financing solutions for developers pursuing impactful real estate projects when traditional lenders cannot perform.
