Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
06/27/2025
Property Type
Property City
Marco Island
Property State
FL
Loan Term (months)
12
Payment Type
Interest Only
Purchase Price
$610,000
Loan-to-Purchase Price
85%
Renovation Budget
$270,000
Renovation Budget Funded
100%
After-Repair Value
$1,100,000
Loan-to-After-Repair Value
72%
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Interest Rate
10%
Origination Points
1%
Deal Summary
New Silver recently funded a $792,000 fix-and-flip loan for a property in Marco Island, Florida, a popular destination known for its luxury coastal homes and strong resale demand. The loan included $522,000 for the purchase and $270,000 to cover extensive renovations aimed at maximizing resale value.
The investor purchased the property for $610,000 and plans to bring the after-repair value up to $1.1 million, representing a 72% loan-to-ARV. With a 12-month term and 10% interest rate, this project is structured for a fast turnaround and profitable exit through a post-renovation sale.
Funded By
New Silver
Financing Outside The Box
Dealmakers
Joe DeSalvo
Senior Loan Advisor
Joe DeSalvo is a seasoned real estate professional with over eight years of industry experience, including five years in a commercial brokerage capacity. Since joining New Silver in 2023, Joe has been instrumental in driving business development efforts, focusing on building strong relationships with direct borrowers. His work spans key loan offerings including fix-and-flip, ground-up construction, and long-term rental financing. With a deep understanding of investor needs and market trends, Joe continues to help real estate entrepreneurs access fast, reliable capital solutions to grow their portfolios.