Closed Loan in Naples, FL
Property Type: Light Industrial
Loan Amount: $1,425,000
Location: Naples, FL
Broker Made: $14,250
The borrower in this transaction was a business owner who did not wish to submit tax return documentation at any point in the lending process. The Bank Statement Program from Silver Hill Funding, LLC turned out to be a perfect fit. Instead of tax returns, the borrower submitted 12 consecutive months of business bank statements and was approved for a 5-year loan with a 30-year amortization.