Our borrower was faced with a loan maturity that his bank would not extend. We stepped in to provide the time he needs to refinance back into a conventional bank commercial mortgage once he is able to resolve global cash flow issues.
loan overview
$775,000
loan priority
1st. Mortgage
loan type
Refinance
loan to value (LTV)
41%
appraisal value
$1,910,000
interest rate %
10%
term length (months)
24
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