We were working with a mortgage broker who brought as a borrower looking to refinance their investment property in Alhambra. The cash out funds were being used for their transportation business as well as light tenant improvements on the property. The reason they didn’t go the traditional bank financing was due to them having one two 30-day lates on the property within the last year. We were able to get this transaction funded in 8 days with the appraisal.
