Our Client, The Multifamily Housing Investor:
Background:
Industry: Real Estate
Investor acquired and refurbished 75-unit multifamily property using cash and financing they arranged at a cost of 12.5% annually.
Issue:
Investor was seeking refinancing of existing note and cash out at reasonable rates including agency programs (SBA/HUD/USDA) but were told they didn’t qualify.
The Solutions
We assisted our client then negotiated a bridge to HUD solution that enabled investor to refile an existing note of $1.6M within 60 days using a bridge @4.5% and ultimately closing on HUD 3 months later Loan to Value of 85% and rate under 3% cashing out the money they needed to invest in their next.
Let Us Find A Solutions For You
At Biz Lending Partners we share in your success. You are the reason we do what we do. Our experienced advisors have a track record of getting even the most difficult loan funded at the best possible rate and terms. To learn more about the services we could offer you or someone you know follow the link to our homepage so that we can begin working with you today. https://bizlendingpartners.com/
