Closed Loan in Florida City, Florida
Loan Amount: $735,000
Location: Florida City, FL
Broker Made: $14,700
The borrower worked at the establishment for 5 years before they bought 50% of the business and 100% of the real estate. They were coming off a hard money loan that was going to mature in the next month. After shopping the loan to 15 lenders, they turned to Silver Hill Funding. The team was able to give the borrower the highest LTV and most attractive terms. Silver Hill was also able to get them cash-out so that they could put some money back into the business and make capital improvements. The loan closed in 30 days.
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