Kansas City, KS
Property: Residential Portfolio
Deal Type: Cash-Out Refinance
Loan Amount: $1,549,100
The mortgaged properties are 21 properties (nine single family residences and 12 duplexes) located in Kansas City, Kansas within the Kansas City, MO-KS metropolitan statistical area. Each property is 100% occupied at this time and many of the properties have been occupied by the same tenant for over ten years. Each rental property demonstrates strong cash flows with reliable tenants. The proceeds from the loan will be used to refinance the current mortgages on the properties with cash-out proceeds used to purchase additional rental properties.
Stronghill won this deal because we were diligent, provided flexible lending, and as always offered quick and friendly service to our client.