Condominium, Portfolio of Residential Properties
Equity Cash Out02/07/2019
RBI Mortgages financed four rental units in Brickell, Florida. The borrower is a foreign Real Estate investor who needed cash for additional investments and used the equity he had on these income producing properties to collateralize a loan. The four apartments where clustered into one blanket loan. Originating a single loan on all four properties benefited the client by providing savings in closing costs and more convenience.