South End Capital Funds a Stated Income $925,000 Unrestricted Cash-Out Refinance Loan, Secured by a Large Industrial Facility Located in a Small, Rust Belt, OH Town
July 31, 2017
We funded this stated income loan (no tax returns) for this 100% owner occupied, 32,822 sq. ft. Ohio industrial facility. We refinanced both a first and second mortgage, paid large tax and insurance bills that were coming due and provided $128,000 of unrestricted cash-out. This property is located in a small, rust belt town of less than 18,000 people.