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FT LAUDERDALE, FL –
Helvetica was approached by a broker
in search of a 50%
LTV
bridge loan for their client, who needed a quick close on a cash out refinance.
The borrower owned a
light industrial property
in Fort Lauderdale, FL that was owner occupied and owned free and clear
. The borrower was the victim of recent identity theft creating chaos in his personal and business finances and resulting in a very low poor credit score. Banks were unwilling to lend.
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