LOAN DETAILS
Closed Loan in Binghamton, NY: This successful transaction took place in Binghamton, New York, showcasing our reach and capability.
Property Type: Multifamily: The property involved in this transaction falls under the Multifamily category, demonstrating our versatility in lending solutions.
Purpose: Cash-Out Refinance: This loan was utilized for a Cash-Out Refinance, offering financial flexibility to the borrower.
Loan Amount: $910,000: The loan amount for this transaction is $910,000, emphasizing our commitment to facilitating diverse lending needs.
LTV: 70%: The Loan-to-Value (LTV) ratio is set at 70%, reflecting a balanced and prudent lending approach.
Term: 5-Year ARM: This loan provides a 5-Year Adjustable Rate Mortgage (ARM) term, offering both flexibility and competitive terms.
Interest Rate: 9.375%: With a competitive interest rate of 9.375%, this loan ensures favorable financial terms for the borrower.
Broker Made: $36,400: Brokers involved in this transaction earned a substantial $36,400, highlighting the potential for lucrative partnerships with Silver Hill Funding, LLC.
