How It Works
YOUR PATH TO CLOSING WITH SILVER HILL
OUR GOAL? A SMOOTH AND SIMPLE TRANSACTION EVERY TIME.
Here’s what you can expect at each stage of the process.
- Title
- Appraisal
- Background Check
- Environmental Screen
- Credit Report
Note: Your borrower will submit payment through our online payment portal.
CLOSING TIPS!
Reach out to your Silver Hill Regional Manager to learn how we compensate transacting brokers.
TARGET WINDOW
within 48 hours of submission
CLOSING TIPS!
Both you and your client can benefit by returning all documentation before the appraisal is delivered. The more information we have early in the process, the more certainty you can enjoy during the underwriting process.
TARGET WINDOW
48 hours
CLOSING TIPS!
Our pre-approval letter is like a transaction check-in that lists the documents we still need to finalize the underwriting process. To ensure that our letter is accurate and up-to-date, work with your client to submit all required documentation before we receive the appraisal.
TARGET WINDOW
2-3 weeks
- Appraisal
- Insurance
- Title
- Entity documentation
- Certificate of occupancy*
- Payoffs*
*If applicable
TARGET WINDOW
48 hours
CLOSING TIPS!
Reach out to your Silver Hill Regional Manager to learn how we compensate transacting brokers.
TARGET WINDOW
48-72 Hours
Pre-Qualification
No two borrowers are alike. To grow your commercial business, you’ll need to offer multiple solutions based on the amount of documentation your clients are able to provide. That’s why Silver Hill gives you a full range of options, from full documentation to stated income.
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- Full Documentation
- Lite Documentation (no tax returns)
- No Documentation
Broker Say
Success Stories
An investor in California wanted to take cash out of their mixed-use property and they needed a quick closing. Thanks to Silver Hill, the borrower was able to lock in a great rate – despite the fact that they never produced tax returns during the transaction.
A group of investors wanted to purchase a recently stabilized multifamily property after a full remodel. Silver Hill was able to approve the loan despite the stabilization issues and allowed the investors to purchase the property with just a 20% down payment.
A business owner wanted to execute a cash-out refinance but they were denied SBA financing. Thanks to Silver Hill’s Bank Statement Program, the borrower was able to get approved without having to submit tax returns.
Silver Hill was able to provide the perfect alternative solution for this business owner after their bank decided not to approve their refinance request.
FAQs
What kind of deals are good fit for Silver Hill's programs?
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What makes you different from traditional bank lenders?
Silver Hill Funding boasts more flexible loan programs, faster closing schedules, and fewer documentation requirements than traditional bank options. With banks turning down 80% of the applicants they talk to, there is a big opportunity with these prospects.
Do you lend in all 50 states?
Silver Hill lends in all U.S. states except Delaware, Idaho, Hawaii, Michigan, North Dakota, Nevada, South Dakota, Tennessee, Vermont, West Virginia, and Wyoming.
How long does it take for a commercial mortgage deal to close?
Every scenario is different, but Silver Hill’s mortgage experts are often able to complete a transaction in 35-45 days.
Which types of borrowers are eligible for Silver Hill loans?
Silver Hill lends to U.S. citizens, permanent resident aliens, and legal entities. Foreign nationals are not eligible.