Property: SFR Portfolio
Deal Type: Refinance
Loan Amount: $500,000
This was a cash-out refinance for a 10-year term, amortized over 30 years. The portfolio consists of 4 SFR’s in Huntsville, Alabama. This experienced sponsor achieved his goals by refinancing into a more attractive interest rate for the long-term
Stronghill was able to offer the borrower a lower interest rate, sufficient funds from the cash-out to invest and grow portfolio, and a timely closing.