Closed Loan in Riverdale, Illinois
Property Type: Multifamily
Loan Amount: $840,000
Location: Riverdale, Illinois
Broker Made: $10,800
An investor in Illinois wanted to purchase a multifamily property in the Riverdale area. Their broker took the deal to Silver Hill Funding because, while the investor possessed a very high credit score, their requested loan amount and preference for a reduced documentation solution eliminated many of the more traditional bank options.
Silver Hill met the borrower’s needs through the Lite Doc Investor Program, which allows investors to secure financing without having to provide tax return documentation.