Closed Loan in Des Moines, Iowa
Property Type: Mobile Home Park
Purpose: Cash-Out Refinance
Loan Amount: $1,700,000
Location: Des Moines, IA
Broker Made: $34,000
An investor in Iowa wanted to tap into their mobile home park’s equity through a cash-out refinance. While many traditional lenders set tight restrictions on cash-out amount, this borrower was able to secure a cash-out of nearly $1 million thanks to Silver Hill’s Lite Doc Investor Program.