Closed Loan in Dallas, Texas
Purpose: Cash-Out Refinance
Loan Amount: $500,000
Location: Dallas, TX
Broker Made: $15,000
This borrower had very low levels of liquidity and was unable to document actual property cash-flow through tax returns. Despite the lack of liquidity, the borrower had never made a late payment on the existing mortgage, property taxes, or insurance. Silver Hill funded the deal and provided cash-out to the borrower through its Lite Doc Program, which requires no tax returns or 4506T.
Have a similar deal? Call us: 844-641-1035
New to our small-balance commercial mortgage options? Download your broker registration packet.