$1,400,000 ALL Cash-Out Bank Refinance
2 Multifamily Properties for Foreign Borrower
Rural Locations in OREGON
- One of the Borrowers was a FOREIGNER (True Non-US Citizen)
- ALL the cash-out was going back to ONE of the partners to recap for the original purchase + rehab (deal killer for many lenders)
- Client had been turned down by 14 LOCAL Banks/Credit Unions before we were introduced to the deal, even one in particular where the client kept over $250,000 on deposit with that bank
- Loans, respectively, were too small for Agency Small Balance
- The team at Gold Bridge Capital Solutions rolled the sleeves up and made calls to find the RIGHT local lender – ended up being a Bank!
- 75% AND 60% LTV Cash-out, Respectively – ALL CASH OUT
- 10-Year Term to lock in rate for long time period
- Sub 4.50% Fixed Rate Financing
- Underwriting mainly based off property only; NO global debt service.