The borrower is using the funds to refinance an existing maturing mortgage, fund closing costs and interest reserve. Borrower intends to payoff our mortgage through sale of one of the subject properties.
loan overview
$1,850,000
loan priority
1st. Mortgage
loan type
loan to value (LTV)
appraisal value
$3,130,000
Location
North Bay Village & Miami Shores, Florida
term length (months)
12 Months
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