Closed Loan in Denver, CO
Property Type: Mixed-Use
Purpose: Cash-Out Refinance
Loan Amount: $423,750
Location: Denver, CO
Broker Made: $9887.36
Days to Close: 20 from start of processing stage
A business owner in Colorado wanted to tap into the equity in their mixed-use property. The problem was that they did not wish to produce the tax return documentation most traditional lenders require. Thanks to Silver Hill’s Bank Statement Program, the borrower was able to get qualified for financing through 12 consecutive months of business bank statements in lieu of tax returns.
This loan moved from processing to closing in just 20 days.