Press Release, Program Launches

Silver Hill Funding Announces No Doc Program for Non-Bankable Commercial Loans

Coral Gables, FL – September 5, 2019 – Silver Hill Funding, LLC (Silver Hill), a national small-balance commercial mortgage lender, today announced the addition of a new reduced documentation solution for commercial real estate loans.

 

The No Doc Streamline Program, available for loans of $100,000 to $300,000, gives investors and business owners the ability to secure mortgage financing without having to provide documentation such as tax returns, bank statements, leases, rent rolls, or historical operating statements.*

“Thanks to this new program, mortgage originators can offer their clients a full range of Silver Hill commercial loan solutions depending on the level of documentation they are willing to provide,” said Vice President and National Sales Manager, Juan Barcelo. “By keeping rates low and allowing for greater flexibility with loan terms, we’re making it possible for non-bankable borrowers to obtain a commercial mortgage that meets more of their needs.”

Silver Hill’s No Doc Streamline Program is available for both investor and owner-occupied deals. Without the standard documentation requirements typically involved in a commercial mortgage transaction, prospective borrowers can get their loan in process with Silver Hill by simply submitting a completed application and a credit report.

Originators are invited to use the Silver Qualifier Mortgage Calculator** to learn how Silver Hill’s newest loan option can meet their clients’ commercial mortgage needs.

 

For questions about Silver Hill’s programs, call 888-988-8843 or email info@silverhillfunding.com.

 

About Silver Hill Funding

Silver Hill Funding, LLC is a national small-balance commercial mortgage lender offering financing from $250,000 to $5,000,000, on commercial real estate including multifamily, mixed-use, office, retail, light industrial, self-storage, warehouse, automotive, mobile home park, daycare center, bar, and restaurant property types. Together with its partners, Silver Hill Funding helps small business owners and investors finance the opportunities that drive the financial strength and quality of life in their communities.  Visit www.silverhillfunding.com or call 888-988-8843 for licensing and more information. Equal Housing Lender.

 

Silver Hill Funding, LLC programs are offered to qualified commercial lending institutions and are not applicable to the general public and/or individual consumers. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Programs may be cancelled or modified at any time without any prior notice. Programs may not be available in all jurisdictions.

 

*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.

**Results of this calculator and any generated term sheets are intended for estimation only. This is not an approval or commitment to lend and only intended to provide a broad estimation. Actual payments and interest rates will be calculated by Silver Hill after submission of a loan application and all other required documentation.