Closed Loan in Hermosa Beach, California
Purpose: Cash-Out Refinance
Loan Amount: $810,000
Location: Hermosa Beach, California
Broker Made: $20,250
The borrower sought a cash-out refinance of their retail property and was motivated to close in under 30 days. They were also in need of a limited documentation solution. Silver Hill worked quickly to provide a 5-year hybrid loan with the cash-out the borrower required. The loan was funded through Silver Hill’s Owner-Occupied Bank Statement Program.
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