Closed Loan in Saint Albans, New York
Property Type: Mixed-Use
Purpose: Cash-Out Refinance
Loan Amount: $510,000
Location: Saint Albans, NY
Broker Made: $20,400
Days to Close: 17 from start of processing stage
An investor in New York wanted to take cash out of their mixed-use property but they preferred not to produce tax returns when applying for their refinance.
Thanks to Silver Hill Funding’s Lite Doc Investor Program, the borrower was able to access the cash they needed to achieve their financial goals.
As an added bonus, the loan closed in just 17 days once it reached the processing stage.