Closed Loan in Temple, Texas
Loan Amount: $840,000
Location: Temple, TX
Broker Made: $16,800
When the borrower originally attempted to refinance their multifamily property in Texas, they were turned down by their bank because the property was not stabilized for 24 months. The broker then took the deal to the team at Silver Hill, who were able to overcome the stabilization issue with our Lite Doc Program — the borrower received a 5-year hybrid loan that required no tax returns or 4506T.
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