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Church in South Florida Seeks To Refinance its $11.9 Million Mortgage

Asset ClassCommercial Real Estate, Community Facilities - Other
GeographyFlorida
CitySouthwest Ranches, FL
Amount$12,500,000
Financing TypeChurch Real Estate Mortgage Refinance
Interest Areas
Loan Guarantee

A longstanding, non-denominational church in South Florida is seeking to refinance an existing $11.9 million mortgage. The original mortgage originated in 2003 and the church is seeking a  favorable interest rate and term refinance with no cash-out, however all closing costs will be included in the new loan.

The church is valued at approximately $18 million.

According to the borower, the loan is current and has always paid on time.

For more information and details, click on the contact button to email the sponsoring organization.

Non-Metropolitan County Status and NMTC Eligibility: 
Not Eligible or Not Non-Metropolitan

Data provided by

CDFI Fund New Markets Tax Credit Eligibility

% of Area Median Income: 
196.72%
Poverty Rate: 
6.70%
Unemployment Rate: 
8.10%
SBA HUBZone: 
Not a HUBZone
Medically Underserved Area: 
Not an MUA/MUP

CDFI Fund Investment Areas

High Population Loss: 
Low Population Loss (Metro & Non-Metro)
Total Population: 
4,813
% of Area Median Income: 
168.43%
Unemployment Rate: 
2.6%
Poverty Rate: 
0.0%

CRA Eligibility

CRA Eligibility: 
Not Eligible
% of Area Median Income: 
183.02%
Minority Population: 
1,081

BEA Distressed Communities

BEA Distressed Community: 
Not a Distressed Community