SECC Funds $115,000 Interest Only, NOO 2 Family Cash-Out Refinance

SECC is pleased to announce the closing of this $115,000 cash-out refinance loan made against a non-owner occupied two family property located in Staten Island, NY. The borrower sought a loan that would close fast, have no prepayment penalty and give her the unrestricted cash she needed to invest in other real estate. SECC was able to offer a creative financing structure and meet the borrower’s expectations.