Closed Loan in Miamisburg, Ohio
Property Type: Multifamily
Loan Amount: $180,000
Location: Miamisburg, OH
Broker Made: $7,200
Days to Close: 29
A group of investors who were experienced with 1-4-unit properties were looking to make their first multifamily purchase. Their status as out-of-state investors made it difficult to work with traditional lenders.
Eventually, their broker took the deal to Silver Hill Funding and secured a 5-year loan that closed in just 29 days.
This deal is a good example of Silver Hill’s flexibility when it comes to qualifying investors who do not live in the same state as the subject property.