Boca Raton, FL, August 20, 2024: QuickLiquidity, a direct lender for investment real estate, has successfully closed a $500,000 first mortgage cash-out refinance of an investment single family rental located in Sarasota, FL.
The property was recently built in 2022 and is located in a luxury community. The borrower purchased the property in cash and has been renting it out since the purchase. The borrower is under contract to purchase another investment property, and they quickly needed liquidity to close. The borrower did not have time to obtain traditional bank financing which can often take months.
QuickLiquidity is an asset-based lender known for its quick closings and focusing on the collateral, not the borrowers’ personal financials. This loan did not require any third-party appraisal, credit check, or personal income verifications.
QuickLiquidity closed this loan 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.
