The $29,894,900 million HUD-insured Section 223(f) loan refinances the property at a low, fixed rate with a 35-year term and amortization. Loan proceeds also enable the borrower to make capital improvements and set up a debt service reserve, as well as monetize existing equity in the property.
Serenity Villas
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Property Type
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Loan Amount$29.9 million
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Financing Option