Closed Loan in Orlando, Florida
Property Type: Warehouse
Purpose: Cash-out refinance
Loan Amount: $749,000
Location: Orlando, Florida
Broker Made: $22,470
An investor wanted to refinance his warehouse property but was turned down by a bank due to losses on his business tax returns. Thanks to Silver Hill’s Debt Service Coverage Ratio (DSCR) underwriting process for multi-tenanted investment properties, the investor secured a 5-year hybrid loan and received the cash-out he needed.
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