The borrower is using the funds to finance the purchase commercial real estate property. Borrower is in the process of obaining a SBA loan to refinance our Mortgage.
loan overview
$800,000
loan priority
1st. Mortgage
loan type
Purchase
loan to value (LTV)
60%
appraisal value
$1,350,000
interest rate %
Sub 10%
term length (months)
12 months
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