10 Day Close! SECC Funds $169,000 Preschool Cash-Out Refinance
April 27, 2015
SECC is pleased to announce the funding of a cash-out refinance for a preschool located in Georgia. The borrower, a seasoned investor and real estate entrepreneur, was seeking a stated loan program that would close fast and take out the high interest rate private loan he had used to acquire the property. SECC provided a 3/25 loan at 9.875%, $40K of unrestricted cash-out and closed in 10 days!