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Commercial Real Estate Archives

Buying Loan Documents or Paying off the Mortgage?

Refinancing commercial real estate in Florida is expensive. In addition to the typical bank fees and costs for the appraisal, environmental report, recording costs and lender loan fees, the borrower must pay fifty five cents per every one hundred dollars of the loan amount for intangible and stamp taxes. For a million dollar mortgage, that comes to $5,500.00 payable to the State of Florida.

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