The borrower is using the funds to acquire three newly constructed retail/office condo units. The Borrower intends to payoff the mortgage through refinancing with traditional financing.
loan overview
$3,533,000
loan priority
1st Mortgage
loan type
loan to value (LTV)
57%
appraisal value
$6,200,000
Location
Hallandale, Florida
term length (months)
12 Months
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