This $165,000 loan was used for the purpose of paying out two current mortgages. The percentage of the total loan to value represented by the mortgage is 78.43% based on the appraised price and the current first charge. The letter was dated October 8, 2009 for Canadian Funding Corporation. For more information on Moishe Alexander and Canadian Funding Corporation please see http://www.canadianfundingcorporation.com/
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