The property is a 6 unit apartment building located in Jersey City. The estimated value of the property is approximately $450k to $500k. In addition to being a rental property, it also serves as a primary residence to both my mother and myself. There are four (4) persons on the deed to the property: 1) My mother for whom I have durable power of attorney for all of her business and financial matters and 2) my sisters who have already agreed to applying for this loan. They will have no problem signing any waivers in regards to this loan if necessary.
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