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Deal Description
This boutique hotel portfolio was purchased within the year and completely rehabbed. It was online for approximately six months. Sponsor needed to recap equity and refinance from hard money loan. They closed within three weeks.
Property Location
618 Evergreen Street
Quick Stats
Partner Type
Debt fund
Program Type
Conventional bridge
Program details
Cash-out refinance
LTC: 70%
Rate: 7.99% fixed
Term: 24 months
IO Period: Full term
Recourse
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