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» $1.4MM 4 Residential Condominiums - NJ

Posted by Avatar Financial

The guarantors built the subject properties and the four units are now fully occupied. Avatar’s debt will retire the construction debt and bridge the property to a conventional refinance.

  • Loan Amount: $1,400,000
  • LTV: 62%
  • Interest Rate:  8.99% Charged to Borrower - 0.99% Avatar Fee - 8.00% Return to Investor
  • Term: 1 year


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