Loan to Value
Total Loan
Case Study I DSCR
Switching to an interest-only loan and seeking fair valuations helped overcome refinancing challenges, boosting equity for a previously undervalued commercial property.
Loan to Value
Total Loan
Total Loan Amount
Interest Rate
Loan To Value
DSCR
Total Loan
Amount
Interest
Rate
Loan To
Value
DSCR
DSCR
November 6th, 2024
Passaic, NJ
6 Unit Multi-family
Overcome appraisal and refinancing challenges to leverage the increased value of their commercial property.
3 min read
When a promising property upgrade hit appraisal roadblocks, rigid financial assessments, and a challenging property refinance, the investor found a powerful ally in Ben Shrara and Express Capital Financing.
Faced with a valuation that failed to mirror the property's true worth and complex refinancing challenges, Ben’s shift to an interest-only loan approach was nothing short of a game-changer. This savvy move, combined with a determined push for accurate market valuations, not only cleared the path for refinancing but also unlocked significant equity for the investor.
The client aimed to maximize the newly increased value of their property, following recent rent increases and property improvements. However, several significant obstacles emerged:
With Ben Shrara's expert guidance, Express Capital Financing adopted a multi-faceted approach to navigate and overcome these hurdles:
Ben's expertise was crucial in strategizing these adjustments and appeals, ensuring the client's needs and goals remained at the forefront of the refinancing endeavor.
Tackling valuation challenges and leveraging his deep understanding of commercial finance, Ben deftly engineered an interest-only refinance solution that rewarded our client with significant equity cash-out.
By embracing an interest-only loan approach and advocating for a fair valuation, significant equity was unlocked and refinancing hurdles were overcome—demonstrating the indispensable value of strategic financing solutions and experienced guidance.
For investors grappling with similar challenges, this case study underscores the potential for transformative outcomes when partnering with knowledgeable professionals like Ben Shrara and the team at Express Capital Financing. If unlocking the true value of your property and navigating the refinancing process with ease are your goals, contact us today and take the pivotal step toward securing your investment’s future.
Featured Topics
DSCR
November 6th, 2024
Passaic, NJ
6 Unit Multi-family
Overcome appraisal and refinancing challenges to leverage the increased value of their commercial property.
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