Closed Loan in Philadelphia, Pennsylvania
Property Type: Multifamily
Loan Amount: $549,500
Location: Philadelphia, PA
Broker Made: $5,495
Days to Close: 29 from start of processing stage
An investor in Pennsylvania wanted to add a multifamily investment to their real estate portfolio. Silver Hill gave the investor the ability to secure a 30-year fixed rate on their commercial mortgage, something few commercial lenders officer in this space.
Once this loan reached the processing stage, it only took 29 days to close.