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$1,200,000 second mortgage loan for waterfront restaurant and marina
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$1,200,000 Second Mortgage Loan for Waterfront Restaurant/Marina
Term: 5 Years


First mortgage pre-development bridge loan. Hampton Bays, LIA successful seasonally-operated waterfront restaurant/bar with a private marina in the Hamptons made a $1,200,000 second mortgage loan through W Financial, with the value of the land equal to twice the total debt. The loan was also personally guaranteed by three borrowers.

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