Closed Loan in Croydon, Pennsylvania
Property Type: Light-Industrial
Purpose: Cash-Out Refinance
Loan Amount: $1,190,000
Location: Croydon, PA
Broker Made: $23,800
A business owner wanted to execute a cash-out refinance on a property they owned free-and-clear but they were not approved for a SBA loan. Silver Hill helped the borrower through their Bank Statement Program, which allows borrowers to submit 12 months of business bank statements in lieu of tax returns.