Closed Loan in Springfield, Massachusetts
Property Type: Mixed-Use
Purpose: Cash-Out Refinance
Loan Amount: $1,050,000
Location: Springfield, Massachusetts
Broker Made: $31,500
An investor with a mixed-use property in Massachusetts was looking to take cash out of their commercial property mortgage. When it became clear that local banks and credit unions were not interested in helping them refinance, their broker took the deal to Silver Hill Funding. Silver Hill funded the loan through their Lite Doc Investor Program, which gives borrowers the opportunity to secure financing without having to provide tax returns.
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