Our Client, The Multifamily Housing Investor:
Industry: Real Estate
Investor acquired and refurbished 75-unit multifamily property using cash and financing they arranged at a cost of 12.5% annually.
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.
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.
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