Twin Coast Properties Secures $3.185M Refinance Loan From Schramm Commercial Capital For Luxury Property

The property asset involved in this transaction is a luxury single-family residence located at 134 Open Gulf Street in Miramar Beach, with an appraised market value of $4,550,000. The loan amount for the refinance is $3,185,000, structured to achieve a combined loan-to-value ratio of 70% on the stated value.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $3,185,000
• Lender: Schramm Commercial Capital
• Borrower: Twin Coast Properties
• Broker: Christof Schramm - Schramm Commercial Capital
• Loan Type: Refinance
• Loan Terms: 30 years
• Cash-out Refinance Amount: $2,500,000
• Home Equity Line of Credit Amount: $685,000

This transaction was facilitated by Christof Schramm, who structured the financing to combine a cash-out refinance with a revolving home equity line of credit. The arrangement allows the borrower to access significant equity while maintaining ownership of the property, showcasing innovative lending solutions tailored for high-net-worth individuals.