LOAN CLOSING: Cash-Out Refinance
Check out more of our closed loans
Mortgage Brokerage Client Spotlight
Client Spotlight: Mortgage Brokerage Since 2011, we have closed 12 loans totaling $302MM for one of our biggest clients. We are working on two more loans for this client, totaling an additional $83MM. Once these loans close, our client’s total volume with us will be $385MM. This kind of relationship would not have developed if…
Construction Dollars Are Vanishing in Today’s Commercial Lending Landscape
Regulators, including The Federal Reserve, have put pressure on commercial banks to reduce the amount of construction loan dollars available to commercial real estate developers. Yet the demand for new construction lending remains strong. Developers want to see their visions come to fruition, thus alternative solutions are essential in order to fill this void left…
Sweetwater closes $15 Million Loan in Louisville, KY
Louisville, KY – Sweetwater Capital is excited to announce the recent cash-out refinance of a 362-unit multifamily community in Louisville, KY on September 23, 2016. The owners purchased the property in May 2014 for $5,500,000. At the time of purchase, the property was in rough shape, with approximately 90 units that were completely boarded up.…
Green Building? Save Green
Recently, Fannie Mae announced new programs to promote green building in the multifamily industry. The Fannie Mae Green Initiative can be used to increase loan proceeds and lower the interest rate on your loan. For years green building requirements have been far too costly to be practical, but the new requirements for green designations are…