» $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