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I am a commercial loan broker and have an $18 million multifamily project in Oklahoma needing funding.
I have a very strong client that owns a multifamily in Tulsa, Ok. He wants to do a major rehab and also construct more units on this existing property. This property is an A+ location but the units are C+. My client is very strong and owns all or part of 15 other multifamily units. The $18 million is 80% of project cost and will be about 70%LTV of final project.