The borrower is using the funds to acquire the subject commercial medical office building. The Borrower intends to payoff the mortgage through refinancing with traditional financing.
loan overview
$4,250,000
loan priority
1st Mortgage
loan type
loan to value (LTV)
40%
appraisal value
$11,850,000
Location
Coral Gables, Florida
term length (months)
24 Months
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