Closed Loan in Atlantic City, New Jersey
Property Type: Retail
Purpose: Cash-Out Refinance
Loan Amount: $1,402,000
Location: Atlantic City, New Jersey
Broker Made: $18,693
An investor in New Jersey was looking to refinance their retail property and secure a lower rate. Silver Hill Funding was able to lower the borrower’s rate and provide cash-out and a 30-year amortization. The transaction significantly improved the investor’s cash-flow.
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