A Development Site with a buildable square footage of 13,000 was involved in a loan transaction in Auburndale, FL. The property was refinanced for $1,300,000 with a 2-year loan term and no prepayment penalty. The loan was secured with the cooperation of the landlord, Carlos Perales Sihuay, and the lender, Starfund, with the representation of Nelson Lopez from United Mortgage Lenders.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,300,000
• Market: Auburndale, FL
• Loan Type: Refinance
• Loan Terms: 2-Year loan with NO prepayment penalty
• Buildable Square Footage: 13,000
• Landlord: Carlos Perales Sihuay
• Lender: Starfund
• Broker: Nelson Lopez - United Mortgage Lenders

Nelson Lopez from United Mortgage Lenders played a pivotal role in facilitating the refinancing deal for the Development Site in Auburndale, FL. The collaboration between the landlord, Carlos Perales Sihuay, and the lender, Starfund, resulted in a successful transaction with favorable loan terms.