$400,000 | 2nd TD Loan | Multi-Family Property

$400,000 | 2nd TD Loan | Multi-Family Property

$400,000 2nd TD CLOSED!

Experienced borrower needed to refinance their 52 unit multi-family property in order to pay off a maturing loan and to buy out their existing partners. They were able to obtain a $5,100,000 1st TD loan but still needed an additional $400,000. RTI was able to fund $400,000 2nd TD by cross collateralizing the borrower’s 52 unit and 29 unit multifamily properties in just 10 days.