Purpose | Purchase/Cash-Out/Refinance |
Loan Sizes | $100K - $2MM |
Terms | 5-Year ARM 30-Year Fixed |
Amortization | 15,25,30 |
Max LTV | 75% |
Min FICO | 700 |
Min DSCR | 1.0x |
UW Method | Alternative data and borrower credit |
Documentation | No tax returns, bank statements, or operating statements required* |
Eligible Properties | Tier I: Multifamily, Mixed-Use (primary res) Tier II: Retail, Mixed-Use (primary comm), Warehouse/Self-Storage, Office, Light Industrial, Automotive, Mobile Home Park |
Pre-Payment Penalty | 5% for 5 years | 5% for 3 years | Declining 5%, 4%, 3%, 2%, 1% |
* Borrowers will be required to submit a purchase contract for transactions involving a real estate acquisition. Note that appraisal companies may require property documentation to assess final value.
Buy Downs | 0.375% = 1 point cost |
Caps/Floors | WSJ Prime Index plus margin on note date Initial Reset and Annual Adjustment Cap: 2% Life Cap: Initial rate +6% Life Floor: Initial rate |
Broker Compensation | Origination: Up to 3 points YSP (Rate/Margin increase 0.375%): 2 points |
When does this solution make sense for borrowers?
Top 3 Cases
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.
