Boca Raton, FL, August 6, 2024: QuickLiquidity, a direct lender for investment real estate, has successfully closed a $1,000,000 first mortgage cash-out refinance on a 19-unit apartment building located in Arlington, VA.
The borrower owned the property free and clear but wanted to pull cash-out to improve the subject property. The borrower would not quality for traditional bank financing due to a low credit score. Thankfully, 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 loan was closed in around two weeks, allowing the borrower to access the capital they needed in a quick time frame to get started on the property improvements.
“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.
