Closed Loans Archives - Page 14 of 15 - Silver Hill Funding

Closed Loans

Retail Deal in New York

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The borrower needed to refinance the maturing mortgage on their retail property in Flushing, New York. Thanks to Silver Hill’s Lite Doc Program, they were able to secure a 30-year, fully amortizing loan without providing tax returns or a 4506T.

Mobile Home Park Deal in Texas

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The borrower wanted to refinance their mobile home park in Houston, Texas. Silver Hill provided a reduced documentation solution through its Lite Doc Program and provided the cash-out the borrower required. The deal closed in 30 days and the broker earned $11,375.

Mixed-Use Loan in New York

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The borrower wanted to refinance their mixed-use building and take cash out to purchase an investment property. Silver Hill offered financing through the Complete Program and also provided the cash-out the borrower needed. The loan closed in under 30 days and the mortgage broker earned $7,500.

Mixed-Use Loan in California

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The investor sought a non-bank solution to refinance two properties and purchase a vacant lot. Silver Hill provided a blanket loan for the 3 adjacent properties that included the cash-out necessary to purchase the lot. The deal was funded using Silver Hill’s Streamline Investor Program and closed in less than 30 days.

Mixed-Use Loan in New Jersey

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The borrower struggled to refinance his mixed-use property with banks when the commercial unit became vacant. Silver Hill was able to provide a 5-year, fully amortized loan featuring 100% cash-out. The loan was funded through Silver Hill’s Streamline Investor Program, which requires no tax returns or 4506T.

Multifamily Loan in North Carolina

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The borrower tried to refinance their multifamily property in NC with a competitor who ended up reconditioning the file at closing. The borrower was very upset and walked away. Their broker took the deal to Silver Hill, who required less documentation than the previous lender and worked with the existing appraisal and title policy. The team closed the loan in less than 30 days.

Retail Loan in Florida

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The borrower worked at the establishment for 5 years before they bought 50% of the business and 100% of the real estate. They were coming off a hard money loan that was going to mature in the next month. After shopping the loan to 15 lenders, they turned to Silver Hill Funding. The team was able to give the borrower the highest LTV and most attractive terms. Silver Hill was also able to get them cash-out so that they could put some money back into the business and make capital improvements. The loan closed in 30 days.

Light Industrial Loan in Ohio

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This borrower had a maturing note with a bank that was not interested in renewing the debt. Silver Hill funded a transaction that not only paid off the matured mortgage debt but also provided some cash out for the borrower.

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.

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