Closed Loans

Closed Loan in Florida

Closed Loan in Tampa, Florida

Property Type: Warehouse
Purpose: Cash-Out Refinance
Loan Amount: $1,980,000
Location: Tampa, Florida
Broker Made: $59,400

The owner of a warehouse property was turned down by a bank because their business could not report taxable income.  The owner’s broker then turned to Silver Hill Funding, whose team was able to qualify the deal based on global DSCR.  This solution kept the borrower from having to take out a hard money loan at a high rate.

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