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Stable Bridge – Panama City Beach, FL (2nd)

Subordinated Note

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Stable Bridge – Panama City Beach, FL (2nd)

Note Size: $61,250
Maturity Date: 10/13/24
508 Dement Cir APT C
Townhouse

This is a second position loan on renovated property in PCB, FL that will be sold as a residence or a short-term rental to an investor. The note has a a personal guarantee from a sponsor with significant wealth and a profitable, thriving real estate business and is held in an investment vehicle.

2,449 SqFt
5
4.5
Whole Note Yield: 13.0%
Partial Note Yield: 13.0%