Closed Loan in Smithtown, New York
Property Type: Office
Purpose: Cash-Out Refinance
Loan Amount: $1,592,500
Location: Smithtown, New York
Broker Made: $47,775
An out-of-state investor was looking to refinance two commercial properties and needed a light doc solution. Silver Hill Funding provided a blanket loan for the borrower and gave them the ability to take cash out of the properties. The transaction was funded through the Lite Doc Investor Program, with no tax returns or 4506T required.
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