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$2,350,000 : 65 Residential Lots, Tarpon Springs, FL
New York based Mercury Capital Corporation, a bridge financing institution, is pleased to announce that it has recently funded a one-year $2,350,000 first mortgage secured by a 65 Residential Lots located in Tarpon Springs, Florida.
Our borrower has been accumulating these lots over the past 10 years. Our loan gave the borrower the ability to continue acquiring lots, as well as begin the infrastructure to enable the eventual sale of the property. This property is located in a very desirable area in Tarpon Springs, Florida approximately 45 minutes for Tampa airport, explained Marc Gleitman, President at Mercury Capital.
Mercury Capital Corporation, founded in 1989, offers borrowers an immediate financing alternative for short-term needs. Gap/Bridge financing, discounted mortgage buybacks, unpaid tax remittances, foreclosure workouts, bankruptcy resolutions and short fuse opportunity financing are all examples of transactions that can be closed with immediacy. Mercury Capital lends on commercial properties nationwide offering loan amounts ranging from $1,000,000 to $15,000,000
For more information please contact Mercury at 212.661.8700
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