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» Fast Funding Assured by a Short Term Loan on New Construction

Property Description:

31 newly constructed condos made up the collateralized asset on this loan with a combined value of approximately $7mil.

 

Although the loan could qualify for conventional financing, the borrowers were desperate to get funded before the option on the purchase expired. Avatar provided a short-term birdge loan on the properties and saved the borrowing group hundreds of thousands from a nearly-missed opportunity.

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