$1,200,000 Second Mortgage Loan for Waterfront Restaurant/Marina
Term: 5 Years
A 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.
A 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.
