Closed Loan in Portland, Oregon
Property Type: Warehouse
Purpose: Cash-Out Refinance
Loan Amount: $840,000
Location: Portland, Oregon
Broker Made: $25,200
A business owner in Oregon wanted to execute a cash-out refinance on their warehouse property. The problem was that local banks in the area did not feel comfortable with the owner’s desired LTV percentage.
Silver Hill Funding was able to meet the borrower’s needs by offering 80% LTV and a loan program that did not require tax return documentation.