Silver Hill is open for business

Give investors and business owners more of what they want: lower rates, greater flexibility, and faster closings.

Be the hero for today’s borrower: offer competitive pricing on loans from Silver Hill and help them secure funding in challenging times.

 Commercial
Program
1-4-Unit Investor
Program
PurposePurchase/Cash-Out/RefinancePurchase/Cash-Out/Refinance
Loan Sizes$100K - $2MM$100k - $2MM
Terms5-Year ARM
30-Year Fixed
5-Year ARM
30-Year Fixed
Amortization15,25,3015,25,30
Max LTV<$500K: 75%
>$500K: 70%
<$500K: 75%
>$500K: 70%
Min FICO650650
Min DSCROwner-Occupied: 1.2*
Investor: 1.15**
1.0*
Stabilization75% occupancy required over a 90-day trailing UW period**SFR/Duplexes - 100%
Triplexes - 66.67%
4-Plexes - 75%
UW MethodOwner-Occupied: Global DSCR
Investor: Property DSCR
Property DSCR
Documentation2 years personal and business tax returnsNo tax returns required. Leases if using actual rents
Eligible PropertiesTier I: Multifamily, Mixed-Use (primary res)
Tier II: Retail, Mixed-Use (primary comm),
Warehouse/Self-Storage, Office, Light
Industrial, Automotive, Mobile Home Park
1-4-Unit Attached/Detached, PUD,
Single Family, Townhome
Pre-Payment Penalty5% for 5 years | 5% for 3 years |
Declining 5%, 4%, 3%, 2%, 1%
5% for 5 years | Declining 3%, 2%, 1% |
Declining 5%, 4%, 3%, 2%, 1%
*Debt service requirement is based on borrower’s FICO score and may be higher than figures shown.
**Not applicable if property is purchased as a new space or expansion.
Note: Underwriting guidelines have changed to reflect today’s environment. Contact your Regional Manager today to learn how we are approving loans in 2020.
 General Guidelines
Reserves Requirement6+ months of liquid financial reserves measured by number of months of the
qualifying principal and interest payment of the subject property for all purchase, cash-out, and rate/term transactions
Buy Downs0.375% = 1 point cost
Caps/FloorsWSJ Prime Index plus margin on note date | Initial Reset and Annual Adjustment
Cap: 2% | Life Cap: Initial rate +6% | Life Floor: Initial rate
Broker CompensationOrigination: Up to 2 points | YSP (Rate/Margin increase 0.375%): 1 point
Why do Brokers Choose Silver Hill Funding?

Top 5 Reasons

  • When borrowers just miss bank eligibility
  • When borrowers require more flexibility than traditional lenders can provide
  • When the property in question causes stabilization or seasoning concerns for traditional lenders
  • When borrowers are able and willing to provide full documentation
  • When borrowers require a faster closing than one could expect with a bank.

Case Study

Closed Loan in Sacramento, California

Self-Storage | $1,584,000

PROBLEM

An investor in California wanted to refinance their commercial mortgage but was unable to get the cash-out they needed from their current lender.

SOLUTION

Silver Hill Funding provided a more flexible alternative solution that made it possible for the borrower to obtain the full cash-out amount.

Success Stories
Mixed-Use | $400,000

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.

Case Studies

Multifamily | $456,000

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.

Case Studies

Light Industrial | $1,190,000

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.

Case Studies

Retail | $700,000

Silver Hill was able to provide the perfect alternative solution for this business owner after their bank decided not to approve their refinance request.

Case Studies

Have a Deal Right Now?

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