|Loan Amounts||$250,000 - $5 million||$250,000 - $2 million||$100,000 - $300,000||$100,000 - $2 million|
|Documentation||Full||No tax returns;|
bank statement option
|None||No tax returns|
Why do Brokers Choose Silver Hill Funding?
Top 5 Reasons
Closed Loan in Montclair, New Jersey
The owner of an automotive property wanted to execute a cash-out refinance but tax return issues were preventing him from qualifying for bank financing.
Traditional lenders were also hesitant to approve the borrower’s request because of the risks typically associated with automotive properties.
Silver Hill Funding was able to fund the loan through the Bank Statement Program, which allowed the borrower to submit 12 consecutive months of business bank statements in lieu of tax returns.
One of the most impressive aspects of this deal was that it closed in only 27 days – far below what one would expect for a commercial loan of this type.
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