The asset involved in this transaction is a development site located in Cape Coral, featuring a building square footage of 45,000 and a base square footage of 6,100. The loan amount secured for this property totals $570,000 and is categorized as a bridge loan with a term of 1 year.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $570,000
• Lender: CB Capital
• Lender's Representative: Steven Ross - CB Capital
• Loan Type: Bridge
• Loan Terms: 1

This transaction was structured as a cash-out refinance, allowing the borrower to unlock the full equity value of the asset and redeploy the proceeds. Steven Ross, the lender's representative, emphasizes the importance of selecting lenders familiar with the complexities of high-value projects for various financing needs.