The property has been assigned to a Court appointed Receiver.
No recourse, cash out improvement loan.
Mixed use purchase loan. Borrower was able to use 100% financing by cross collateralizing another property. Retail first floor with two apartments on the second floor.
1031 exchange. Condominium. Borrower had credit issues from a recent divorce. Middlesex Loans was able to fund the purchase providing the remainder of the acquisition cost.