Closed Loan in Brooklyn, New York
Property Type: Mixed-Use
Loan Amount: $350,000
Location: Brooklyn, New York
Broker Made: $13,000
The owner-occupied borrower wanted to take cash out of their existing commercial mortgage to complete the build-out of their commercial space and provide for working capital. Silver Hill Funding, LLC provided a 5-year hybrid loan and the cash-out the borrower required.
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