The borrower is using the funds to acquire the subject commercial office building. The Borrower intends to payoff the mortgage through refinancing with traditional financing.
loan overview
$1,500,000
loan priority
1st Mortgage
loan type
loan to value (LTV)
50%
appraisal value
$3,000,000
Location
Fort Lauderdale, Florida
term length (months)
12 Months
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