The borrower is using he funds to purchase commercial vacant property. Borrower intends to payoff the mortgage through refinancing with traditional financing.
loan overview
$3,000,000
loan priority
1st. Mortgage
loan type
Purchase
loan to value (LTV)
53.50%
appraisal value
$5,600,000
Location
North Miami, Florida
term length (months)
24 months
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