Watermark has a first mortgage with Freddie Mac and any buyer must assume the loan.  

Term: 9 Years Remaining

Amortization: 30 Years

Amount: $12,850,000 (approx)

Fixed rate: 4.56%

Monthly Payment: $43,641 (includes property tax and insurance)

Maturity: 11.1.2027

The advantage is that the buyer will be assuming a loan with a lower mortgage interest rate than current long term rates, so there is extra value that should be considered.