Closed Loan in Island Park, New York
Property Type: Retail
Purpose: Cash-Out Refinance
Loan Amount: $1,400,000
Location: Island Park, New York
Broker Made: $49,000
A business owner in New York wanted to refinance the mortgage on their retail strip center and take the full amount of cash out of the property. Silver Hill Funding proved to be the perfect fit for the borrower thanks to their Bank Statement Program. This solution allowed them to submit 12 consecutive months of business bank statements instead of tax returns during their application.
New to our small-balance commercial mortgage options? Download your broker registration packet.