East Hampton Straight Purchase

LOAN: STRAIGHT PURCHASE | PURCHASE PRICE:  $2,000,000 | LOAN AMOUNT: $1,300,000 | LTV: 65%

DESCRIPTION: THIS PROPERTY IS LOCATED IN BEAUTIFUL EAST HAMPTONS, NY. THE BORROWER WAS PROVIDED WITH A STRAIGHT PURCHASE AND A LOAN IN THE AMOUNT OF $1,300,000. OUR CLIENT HAD THE OPPORTUNITY TO PICK UP THIS REO AT UNDER MARKET VALUE. WE WERE THEN ABLE TO ASSIST OUR BORROWER WITH A 65% LTV LOAN, AND CLOSED WITHIN A WEEK.