Four Quad Refinance and Cash Out
StackSource arranged cash-out refinancing for a portfolio of four quadruplexes located in Phoenix, Arizona. The international borrowers wanted to use their cash-out proceeds to acquire another multifamily property. Through StackSource's online loan marketplace, Capital Advisor Andrew Bouton was able to quickly identify and source competitive loan quotes for the borrowers. Andrew was able to secure a loan at an LTV of 80% and for the amount of $1,728,000 at 4.625% fixed for 30 years, fully amortizing. The borrowers received approximately $1.3+ million in cash-out proceeds to realize their goal of expanding their multifamily portfolio.