Closed Loans Archives - Page 13 of 13 - Silver Hill Funding

Closed Loans

Retail Loan in Florida

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The experienced investor rehabbed and stabilized their property in the last 18 months. Despite their high credit scores, they were turned down at several local banks due to recent stabilization and bank DSCR/underwriting requirements. Silver Hill Funding was able to refinance the borrower out of a high rate, short term hard money loan and offered financing with a 5/1 ARM, 30-year amortization with a 3-year prepayment penalty.

Multifamily Loan in Georgia

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The borrower entity in this transaction was a trust that needed to invest in a property due to a 1031 exchange maturity. Silver Hill was able to provide 75% LTV financing for the purchase of an 8-unit multifamily property in Cartersville, GA. The Silver Hill team closed the loan within 30 days from receipt of the signed LOI and appraisal/underwriting fees from the borrower.

Multifamily Loan in Georgia

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The borrower was looking to refinance out of a high rate, short term private note. Silver Hill was able to significantly lower their rate and convert the debt into a long term, fully amortizing loan. The borrower was also able to do a limited cash-out after paying all closing costs.

Mixed-Use Loan in Connecticut

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Silver Hill helped the borrower refinance their mortgage and pay off a small-business loan. The loan closed in 29 days and was funded through Silver Hill’s Streamline Program, with no tax returns or 4506T required on small-balance commercial multifamily deals.

Multifamily Loan in Florida

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The borrower was looking to refinance out of a high rate, short term private note. Silver Hill Funding was able to significantly lower the borrower’s rate and convert the debt into a long-term, fully amortizing loan.

Multifamily Loan in Illinois

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Silver Hill helped the borrower secure a 100% cash-out refinance on a multifamily property in Illinois. The solution was a 25-year, fully-amortizing loan through our Multifamily Streamline Program, with no tax returns or 4506T required on small-balance commercial multifamily deals.

Light Industrial Loan in Georgia

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Silver Hill helped the borrower expand to a new territory through the purchase of a light industrial property in GA. The borrower operates several businesses and was qualified for the 25-year, fully-amortized small-balanced commercial mortgage based on global income.

Multifamily Loan in Ohio

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Silver Hill helped an experienced investor refinance a 3-building multifamily property with 84 units in Ohio.  The 7-yr, fully-amortizing small-balance commercial hybrid loan included a 25-yr amortization period and a 100% cash-out to pay an inter-company agreement.

Light Industrial Loan in Texas

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Silver Hill helped the small-balance commercial borrower refinance out of a higher interest rate loan on a light industrial property in Texas.  The borrower also received cash to pay off high interest rate credit card debt.

Multifamily Loan in Ohio

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Silver Hill (a division of Bayview Loan Servicing, LLC) helped the borrower refinance their multifamily property in OH and receive cash-out funds needed to increase reserves.  The loan was funded through our Streamline Program, with no tax returns or 4506T required on small-balance commercial multifamily deals.

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