Closed Loan in Hartford, Connecticut
Property Type: Multifamily
Loan Amount: $1,200,000
Location: Hartford, Connecticut
Broker Made: $36,000
An investor in Connecticut originally took out a hard money loan to purchase a group of vacant multifamily properties. Now that the properties are 100% stabilized, they were looking to refinance and secure a better rate. Silver Hill Funding, LLC provided a more attractive funding solution for the borrower and paid off the older hard money loan. The deal was funded through the Lite Doc Investor Program, with no tax returns or 4506T required.
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