The borrower is using the funds to refinance a maturing Centennial Bank MTG secured by two (2) commercial warehouse condominiums. Borrower intends to payoff the mortgage through refinancing with traditional financing
loan overview
$1,300,000
loan priority
1st. Mortgage
loan type
Refinance
loan to value (LTV)
47.60%
appraisal value
$2,730,000
Location
Miami, Florida
term length (months)
24 months
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