We recently closed a $2.8 million cash-out refinance using our P&L-Only Non-QM loan program. This transaction highlights exactly why P&L-based lending remains one of the most powerful solutions for self-employed borrowers and high-net-worth clients.
The Scenario
Our borrower owned a single-family residence in Sunny Isles Beach, Florida, and was looking to access equity. We structured the loan solely on a Profit & Loss (P&L) basis, resulting in over $1.9 million in cash-out proceeds.
Loan Details
- Location: Sunny Isles Beach, FL
- Loan Program: P&L Only Non-QM Program
- Loan Amount: $2,800,000
- Transaction Type: Cash-Out Refinance
- Property Type: Single-Family Residence
- LTV: 62%
- Credit Score: 739
- Loan Term: 30-Year Fixed
This gives borrowers the ability to:
- Reinvest in their business
- Acquire additional real estate
- Consolidate debt
- Strengthen liquidity
P&L-Based Loan
If you’re self-employed, our P&L Only Non-QM program may be the right fit. We specialize in structuring loans that close.
