SECC Funds $450,000 Stated Auto-Service Cash-Out Refinance

When this borrower came to SECC he had been turned down by numerous other lenders. The property type, the subject property payment history, an existing tax lien as well as the need for a stated loan were all deterrents for other lenders to proceed. SECC was able to underwrite without tax returns, provide a new permanent mortgage at a favorable rate and fund unrestricted cash-in-hand at closing.