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Updated over 9 years ago,
$5 Million Note for Sale @ 9% Interest
Note face value: $5,000,000 USD
Interest Rate: 9%
LTV: 66.67%
Collateral: 330 Unit apartment complex in Memphis, TN valued at $7,500,000
Term - 3 years with 6 month interest prepayment penalty
Borrower is purchasing property and bringing $2,500,000 to close
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