Closed Loan in Trenton, NJ Property Type: Mixed-Use (Tier 1) Purpose: Purchase Loan Amount: $339,500 LTV: 70% Product: 5-Year ARM Interest Rate: 8.500% Loan Program: Investor No Doc Streamline With no tax returns, bank statements, or operating statements required, the No Doc Streamline Program from Silver Hill Capital is the ideal alternative program for credit-worthy…
Closed Loan in La Puente, CA Property Type: Retail Purpose: R/T Refinance Loan Amount: $1,500,000 LTV: 75% Product: 5-Year ARM Interest Rate: 9.500% Loan Program: Owner-Occupied Bank Statement In this deal, the borrower was looking to refinance their retail property in La Puente, California. There are a number of reasons why borrowers and their brokers…
Closed Loan in Ft. Lauderdale, FL Property Type: 2-4 Family Purpose: Purchase Loan Amount: $735,000 LTV: 75% Product: 5-Year ARM Interest Rate: 6.375% Loan Program: DSCR A DSCR loans is a non-owner-occupied mortgage solution that makes it possible for borrowers to obtain financing for 1-4-unit properties without having to produce income documentation or tax returns.…
Closed Loan in Spartanburg, SC Property Type: Warehouse Purpose: Cash-Out Refinance Loan Amount: $828,000 LTV: 60% Product: 5-Year ARM Interest Rate: 8.000% Loan Program: Owner-Occupied No Doc Streamline Brokers continue to use alternative solutions from Silver Hill Capital to close the small-balance commercial mortgage deals that traditional banks can’t (or simply won’t) do. One of…
Closed Loan in Cincinnati, OH Property Type: Multifamily Purpose: Cash-Out Refinance Loan Amount: $592,500 LTV: 75% Product: 5-Year ARM Interest Rate: 8.250% Loan Program: Full Doc As lenders redefine their definition of “small-balance” when it comes to loan size eligibility, it’s good to know that at least one partner is still fully committed to funding…
Closed Loan in White Plains, NY Property Type: Restaurant & Bar Purpose: Cash-Out Refinance Loan Amount: $2,000,000 LTV: 36% Product: 5-Year ARM Interest Rate: 8.875% Loan Program: Owner-Occupied Bank Statement In this deal, the borrower was looking to take cash out of their restaurant property in White Plains, New York. While traditional lenders may be…
