Address: Palm Bay Rd, Palm Bay, FL 32905
ARV: $400,000 (As-is)
Loan Amount: $110,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 30%
Loan Purpose: Cash-out Refi
Funded February 13, 2026
Located at Palm Bay Rd NE in Palm Bay, FL, this commercial property spans approximately 0.70 acres (±30,000 sq ft), offering strong frontage along a high-traffic corridor with excellent accessibility and development potential. The site is well-positioned for light industrial use, making it an ideal candidate for a multi-warehouse project.
The borrower inherited the property and later partnered with a consultant to bring new life to the asset through development. With plans underway for a multi-warehouse build, the borrower needed to access equity to cover soft costs, including planning, permitting, and pre-construction expenses.
HML Solutions stepped in to provide a $110,000 loan, unlocking the necessary capital to move the project forward. Our flexible structure allowed the borrower to leverage inherited equity without selling the asset. With soft costs now covered, the project is positioned to move into the next phase, where the borrower plans to secure construction financing and bring the development to life.
