Alpine Closes a $525,000 Small Office Building Refinance in Union City, NJ

The subject property is 2,329 sq. ft. gross office space. Alpines loans never require tax returns from the borrower. Just uses the rent roll over $500,000 to qualify the property for the loan. Loans below $500,000 the rent roll isn’t needed to qualify.

Alpine provided 70% of the appraised value to pay off the existing loan, and replace it with a 30 year amortized loan which lowered his monthly payment substantially.

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