recent projects
01
Long Beach, CA
Our borrower was looking to refinance their owner-occupied industrial building but needed a solution that avoided the need for returns. We stepped in and provided a 30 year fully fixed mortgage by simply reviewing the business bank statements. Oh and btw, our borrower received $412k in unrestricted cash!
Details
-
Loan amount: $1,530,000
-
LTV: 52%
-
Program: Bank Statement
-
Term: 30 yr fixed
-
Cash out: $412,000
02
Long Island, NY
Our borrower needed to refinance high interest hard money loans on their SF investment portfolio. Knowing that rents weren't verifiable, we quickly sourced a 30 year option with just an application. Our borrower received $180k in cold hard cash!
Details
-
Loan amount: $721,500
-
LTV: 75%
-
Program: DSCR
-
Term: 30 yr fixed
-
Cash out: $180,000
03
Brooklyn, ny
With another investment opportunity at stake, our borrower was looking for cash out on their mixed-use asset to meet a hefty down payment. We worked with our investors to provide a 30 year option with 60% of the proceeds in cash to our borrower!
Details
-
Loan amount: $1,190,000
-
LTV: 70%
-
Program: Lite Doc
-
Term: 30 yr fixed
-
Cash out: $465,000
04
Upstate NY
Our borrower grew a sizable portfolio of single family properties and was looking to cash out on their hard earned equity. They had a few fresh forbearance's which stifled their efforts within the conventional bank community. No problem for us! In the end, they received top tier leverage and a ton of cash using our simple DSCR process.
Details
-
Loan amount: $1,860,000
-
LTV: 75%
-
Program: DSCR Portfolio
-
Term: 30 yr fixed
-
Cash out: $785,000
