Closed Loan in Metairie, Louisiana
Property Type: Retail
Purpose: Cash-Out Refinance
Loan Amount: $725,000
Location: Metairie, Louisiana
Broker Made: $21,750
An experienced property manager purchased and improved a distressed retail property in Louisiana. They then sought to take cash out of their mortgage so they could invest in another property.
The investor’s broker took the deal to Silver Hill Funding, who was able to finance the deal with no tax returns or 4506T required.
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