$1,424,000 – Cash Out Refi – Multi-Family

$1,424,000 – Cash Out Refi – Multi-Family

Treasure Island, FL

The bank said “No” to this stabilized, luxury rental along the coast of the Gulf of Mexico because it is a seasonal rental. Most commercial lenders don’t like to finance seasonal rental properties due to the short-term lease and volatility. However, the property was a promising bet, with positive cash flow and a strong rental history.

Unlike the bank, we were able to say YES – refinancing the property at prime bank rates! If the investment makes sense, we’ll find a lender for it. Call us today at (888) 959-1648 to see how we can help you find financing for your property/business.