Closed Loan in Hialeah, FL
Loan Amount: $750,000
Location: Hialeah, FL
- Experienced investor rehabbed and stabilized their property in the last 18 months.
- Despite high credit scores, they were turned down at several local banks due to recent stabilization and bank DSCR/underwriting requirements.
- Commercial Direct was able to refinance the borrower out of a high rate, short term hard money loan.
- Offered financing with a 5/1 ARM, 30-year amortization with a 3-year prepayment penalty.