|Loan Size||$100K - $2MM|
|Max LTV||<$500K: 75%
|Stabilization||SFR/Duplexes - 100%
Triplexes - 66.67%
4- Plexes - 75%
|UW Method||Property DSCR|
|Documentation||No tax returns required.
Leases if using actual rents.
|Eligible Properties||1-4-Unit Attached/Detached, PUD, Single Family, Townhome|
|Prepayment Penalty||5% for 5 years
Declining 5%, 4%, 3%, 2%, 1%
Why do Brokers Choose Silver Hill Funding?
Top 5 Reasons
- No lender points
- Flat $2,000 borrower fee (plus appraisal costs)
- Rates starting at just 5.50%
- Competitive solution for bank fallout
- 30-year fixed rate term available
Closed Loan in Torrance, California
An investor in California was looking for a cash-out refinance solution for their multifamily investment property that would not require a traditional agency DTI underwriting.
Silver Hill Funding was able to meet their needs thanks to their 1-4 Plex Program, which also gives borrowers the ability to secure financing without having to provide tax returns.