Boca Raton, FL, June 25, 2024: QuickLiquidity, a direct lender for investment real estate, has successfully closed a $250,000 first mortgage cash-out refinance of a single family home located in Dallas, TX.
The borrower is a developer who built this home from the ground up and has recently listed it for sale. The borrower owned the property free and clear. While they wait to sell the property, the borrower wanted to access capital so that they can start work on their next ground up construction project.
The borrower was working with a mortgage broker who reached out to QuickLiquidity. QuickLiquidity underwrote the loan request and issued a term sheet within only 48 hours.
QuickLiquidity is an asset-based lender known for focusing on the collateral and not the borrowers’ personal financials. This loan did not require any third-party appraisal, credit check, or personal tax returns. This is especially helpful for borrowers who do not qualify for traditional bank financing.
This loan was closed in under two weeks, allowing the borrower to access the capital they needed in the time frame they needed it.
“The bridge loan space is incredibly competitive. So why do borrowers choose to work with us?” asked A. Yoni Miller, Principal of QuickLiquidity. “It’s because streamlined the entire bridge loan process to eliminate time-wasting procedures and unnecessary fees. You can finally get an affordable bridge loan in as little as 5 days, minus the stress.”
Have questions regarding 1st mortgage bridge loans? Give us a call right now at 561-221-0881.
