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 your sub-$2 million scenarios.
As we like to say at Silver Hill Capital, LLC, every small-balance deal is a big deal for your client. That’s why we proudly offer financing from $2,500,000 all the way down to $100,000.
In this deal, the borrower was looking to take cash out of their multifamily property in Cincinnati, Ohio.
They were able to get the cash-out amount they needed with a high loan-to-value and a competitive rate.
Here are some of the benefits we offer for Multifamily transactions:
- Max LTV up to 80% for purchases and 75% for refinances
- Flexible cash-outs allowed
- Reduced or alternative doc verification methods available
- No Lender points charged – up to 5 points of broker comp available
