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Deal Description
This newly redeveloped 8-room motel was just brought online. Sponsor needed to recap equity and refinance from seller finance loan.
Property Location
Fort Walton Beach, FL
Quick Stats
Partner Type
Debt fund
Program Type
Conventional bridge
Program details
Cash-out refinance
LTC: 70%
Rate: 8.99% fixed
Term: 24 months
IO Period: Full term
Recourse
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