16TH AND BERKS

Details

Loan type:Permanent Refinance
Loan:$3,375,000

This loan carried a five year term with a 25-year amortization and an interest rate of 4.75%. It was underwritten at 70% loan-to-value. The developer completed construction in August of 2011 at a total cost of around $2,550,000 and closing occurred in December.

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