Landlord’s cash was light and the needed loan amount was more than the property would support. Additionally, he demanded the market’s best interest rate and needed to close in 4-5 weeks.
Leveraging one of its correspondent insurance company relationships Pathfinder used one of Landlord’s other assets to boost collateral value. This resulted in a lower than market interest rate while minimizing the required cash down and transaction closed in only 4 weeks.
