The borrower is using the funds to purchase a commercial warehouse building. Borrower intends to payoff the mortgage through refinancing with traditional financing.
loan overview
$906,000
loan priority
1st. Mortgage
loan type
Purchase
loan to value (LTV)
59.60%
appraisal value
$1,520,000
interest rate %
Sub 10%
term length (months)
6 months
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