A fully leased vintage triplex in trendy Seminole Heights with historic charm and stable tenancy.
LOAN AMOUNT
$460,000
Existing hard money note was maturing in 20 days with substantial penalty rate triggers.
Executed rapid rate-and-term DSCR refinance for $460,000, reducing the borrower's interest rate by 4.25%.
The Outcome
Saved borrower $1,420/month in debt service and converted high-risk bridge debt into secure 30-year fixed terms.
Deal Highlights
LOAN AMOUNT
$460,000
APPRAISED VALUE
$615,000
MONTHLY RENT
$4,100
DSCR RATIO
1.29
LTV
75%
CLOSING TIME
15 Days
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