Here is a scenario of one of our recently closed transactions. Borrowers refinanced their property, owned for 50 years, to take cash out in order to get out from under higher rate merchant financing and build a cash cushion to offset their business’ seasonal cash flow. MortgageDepot provided the perfect and less expensive financing necessary to provide peace of mind.
At MortgageDepot, we specialize in financing real estate that the banks cannot finance due to their strict guidelines, and we do it without charging the high rates a hard money lender would charge.
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