Closed Loan in Dallas, Texas
Purpose: Cash-Out Refinance
Loan Amount: $500,000
Location: Dallas, TX
- This borrower had very low levels of liquidity and was unable to document actual property cash-flow through tax returns.
- Despite lack of liquidity, the borrower had never made a late payment on the existing mortgage, property taxes, or insurance.
- Commercial Direct funded the deal and provided cash-out to the borrower.
- Transaction was funded through Commercial Direct’s Lite Doc Program, which requires no tax returns or 4506T.