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» $1.65 million Avatar Loan Saves Borrower's Earnest Money Deposit

Closed on 12/19/07

Property Description:

6,361 square foot investment residential property in Boca Raton, FL.

 boca_raton_400

 

Our client made over a $1 million earnest money deposit on a newly constructed single family residence to be used for investment purposes. Due to the current “credit crunch" anticipated financing did not materialize fast enough.  Avatar stepped in to quickly close the deal and save the borrower’s earnest money deposit.  Because the borrower had a significant amount of cash down, he expects to be able to secure conventional financing in a short time.

 

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