PROPERTY:

Hubbard Dr, Rockville, MD 20850

DESCRIPTION:

• Refinance of 2 commercial medical office condos.
• Borrower paid  $1.1 million for the units in 2004 and occupies them for his medical practice.
• His credit and finances got a little beat up due to a recent divorce.
• He is repaying the loan when his old primary residence sells.  Its currently active on MLS for $1.5 mill with a $400K balance.
• There are no cash proceeds.  Loan is going to pay off his current balloon loan.

PROPOSED TERMS: