$750K Conventional Charlestown, RI
PCC worked with a borrower in Rhode Island on a single family property with a detached 2-unit mixed-use building.
Loan Details
Property Type: Mixed-use Residential (Single family with a 2-unit detached building)
Loan Type: Conventional
Loan Amount: $750,000
LTV: 75%
Closing Timeline: 30 days
The Challenge
The challenge was the borrower obtaining a conventional mortgage through a traditional bank.
The Solution
Their bank said "No.", however we structured the deal in a way that our bank, whom we have a working relationship, said "Yes!" and provided the financing for this deal!
When Your Bank Says “No.”, PCC Says “Yes!”
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