Closed Loan in Skokie, Illinois
Property Type: Automotive
Purpose: Cash-Out Refinance
Loan Amount: $220,000
Location: Skokie, IL
Broker Made: $4,400
Days to Close: 22 from start of processing stage
A business owner in Illinois wanted to execute a cash-out refinance but needed to work with a lender that would lend on an automotive property. Fortunately, the borrower’s broker took the deal to Silver Hill Funding and secured a 5-year hybrid loan with no tax return requirement for qualification.
This loan closed in just 22 days from the start of Silver Hill’s processing stage.