Cash Out and Refinance Loan in Baychester, Bronx, NY
Baychester, Bronx NY
Loan Amount:
$988,000
Loan Structure: 360 Month Term & Amortization
Loan Purpose: Cash Out & Refinance
Loan Amount:
$988,000
Loan Structure: 360 Month Term & Amortization
Loan Purpose: Cash Out & Refinance
Situation:
The Borrower recently needed a cash out refinance loan in order to remove a Bridge lender from a
loan that was maturing. The loan profile fit into our 30 Year Investor No Income Check program.
The buildings are two 3 family buildings. We were able to expedite and fund the loan within 30
days. The borrower was very happy and was also very appreciative of the effort to close a 30 year
loan so quickly.