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Deal Description
The borrower is an exsiting client of the firm in which Kay Finance has funded several hotel conversion deals previously.
This particuliar execution offered the client maximum flexibility to be able to properly execute on their conversion startegy and most notably the loan was closed in 30 days!
Property Location
Atlantic City, NJ
Quick Stats
Partner Type
Debt Fund
Program Type
Acquisition Loan
Program details
70% LTV
18 month term
interest only
Non-Recourse
Under 30 day close
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