Does Your Client Need a Down Pmt?
Consider a Cash-out Refinance on Commercial Property
HERE'S ANOTHER REASON IT MAKES SENSE TO WORK TOGETHER.....
Borrower is self-employed, the business cash flowed, however the borrower paid himself a small salary. For the residential loan, he was unable to use the business income to qualify and therefore needed a larger down payment.
I was able to provide a cash-out refinance up to 65% on a commercial property. This provided sufficient funds for the borrower to pay off a business partner as well as take cash out for the much needed down payment on a home.
MORE REASONS IT MAKES SENSE TO WORK TOGETHER....
- The Opportunity is Out There - Typical commercial mortgage is 5-year ARM creating a recurring need to re-evaluate the need for a refinance.
- Adds More Value to You - Offer this one more product to your clients, eliminating the need for them to shop elsewhere.
- Get Paid a Referral Fee - I am able to pay referral fees for commercial real estate deals.