Non US Citizens Multi-Family Refinance Funding
RECENTLY FUNDED TRANSACTION:
Loan Amount: $2,250,000
Loan Purpose: Cash Out Refinance
Property Type: 33 Unit Multi-Family
OPPORTUNITY:
30-Year Fixed at 5%. Yes, that is correct. 30-year fixed at 5%! After talking with the principles on the transaction, they decided it was best for them to lock into a 30-year fixed to protect against a rising interest rate environment. The primary challenge of the transaction was restructuring the borrowing entity to comply with loan guidelines for two members who were not U.S. citizens.
For more information call:
Kevin Kiser
(714) 908-5271
