New York, NY
Address: New York, NY
Loan Amount: $2,340,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out & Refinance
ARV: $16,000,000
Situation:
The owner of the building purchased it over 40 years ago for $85,000 and it is now appraised to be worth $16,000,000. Borrower was looking for cash out on the property.
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