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CMC | Commercial Building
1665
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Commercial Building

Category
Canadian Deals

Loan Details

Location: Oshawa, Ontario

Loan Amount: $2,250,000

Property Type: Commercial

Mortgage Ranking: First

LTV: 50%

Rate: 8.5%

Summary: NO appraisal was conducted. Borrower was in power of sale with CIBC. Proceeds will used to pay off CIBC. Referring agent is currently working on refinancing with a B lender.