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75%

Loan to Value

$93,750

Total Loan

Express Capital Financing Loan Officer Ben Shara

Ben
Shrara

How a Critical Cash-Out Refinance Opened Doors to New Opportunities

Case Study I DSCR

Overcoming tight deadlines and appraisal challenges, a seasoned investor successfully secured crucial refinancing, turning potential setbacks into strategic victories for future investments.

75%

Loan to Value

$93,750

Total Loan

Express Capital Financing Loan Officer Ben Shara

Ben
Shrara

The Stats

$93,750

Total Loan Amount

7.44%

Interest Rate

75%

Loan To Value

1.304

DSCR

The Stats

$93,750

Total Loan
Amount

7.44%

Interest
Rate

75%

Loan To
Value

1.304

DSCR

Express Capital Financing Loan Officer Ben Shara

Loan Officer

Ben Shrara

Overview

Loan Program Used

DSCR

Closing Date

November 7th, 2024

Location

Perry, GA

Property Type

Single Family

Goals

Quickly secure a cash-out refinance amidst a tight deadline and a low property appraisal to fund a new investment.

3 min read

Project Summary

Facing a time-sensitive challenge, a repeat client of Express Capital Financing quickly realized the value of expertise when loan officer Ben Shrara efficiently secured a crucial cash-out refinance, demonstrating professional excellence in a high-stakes environment.

Thanks to the strategic foresight and customized solutions provided by Ben Shrara and Express Capital Financing, the investor not only overcame the appraisal and timing challenges but also emerged in a stronger financial position, ready to capitalize on new investment opportunities.

FixNFlip

The Challenge

A seasoned investor needed a quick closing on a cash-out refinance for a property in Georgia. This refinance was critical to secure funds for the timely acquisition of a new investment property. However, a low property appraisal threatened to derail the entire endeavor, posing a significant threat to the investor’s strategy.

● Timing Pressure: The necessity for a quick closing on a cash-out refinance deal to leverage an up-and-coming purchase.

● Appraisal Issues: An appraisal that valued the property lower than expected, jeopardizing the amount available for cash out – a critical component for the client's next investment venture.

The Solution

In tackling the complex challenge faced by the investor, Ben Shrara curated a multi-faceted and highly effective solution, aiming to address and resolve each specific issue at hand.

● Equity Optimization: Ben suggested an adept move to extract equity from two properties rather than just one. This clever approach did wonders by compensating for the low appraisal value, enabling the investor to obtain the necessary cash out and even securing additional funds for future ventures.

● Rapid Execution: Capitalizing on Express Capital Financing’s efficient processes and Ben's expertise in DSCR loans, the refinancing process was significantly expedited. Every effort was made to ensure that all documentation and evaluations were completed quickly, aligning perfectly with the stringent timing demands.

● Expert Guidance: Ben offered personalized guidance to make sure the investor was well-informed about the financial details, maximizing the transaction's value while carefully avoiding extra costs.

This strategic approach not only navigated through the appraisal and timing roadblocks but also positioned the investor advantageously for future real estate opportunities

Total Loan Amount: $93,750
Interest Rate: 7.44%.
Loan To Value (LTV): 75%
DSCR:1.304

Express Capital Financing Loan Officer Ben Shara

Need funding for your next DSCR?

Express Capital Financing Loan Officer Ben Shara

Key Takeaways

Real estate investments and opportunities won’t wait. Working with a knowledgeable and swift-acting lender like Express Capital Financing can make the difference between a missed opportunity and a thriving investment portfolio.

  • Expert Guidance: With Ben Shrara’s proficient advice and Express Capital Financing’s dedication, we ensure that complex financial elements are clearly understood and strategically managed.
  • Customized Financial Solutions: Even when faced with unexpected valuation challenges, our team is prepared to create innovative solutions that fulfill our clients’ needs.
  • Timely Execution: The ability to quickly close on challenging loans positions our clients favorably in competitive markets.
“It's crucial to remember that your existing debt is just one piece of the puzzle. Closing costs and third-party fees are also part of the equation and need to be paid at closing to ensure you walk away with the necessary funds. That's why choosing a lender who not only moves quickly but also deeply understands the financial details is key to success.”
Ben Shrara

Transform Challenges into Opportunities with Our DSCR Loans

Our strategic approach, coupled with personalized guidance and rapid execution, ensures that our clients not only overcome financial hurdles but also position themselves advantageously for future opportunities. This level of expertise and commitment is what sets us apart, making us the go-to for your DSCR loan needs. If you're looking to secure financing that aligns with your investment goals, despite the challenges, reach out to us today. Experience firsthand the benefits of working with a team that prioritizes your success

Featured Topics

Overview

Loan Program Used

DSCR

Closing Date

November 7th, 2024

Location

Perry, GA

Property Type

Single Family

Goals

Quickly secure a cash-out refinance amidst a tight deadline and a low property appraisal to fund a new investment.

Express Capital Financing Loan Officer Ben Shara

Loan Officer

Ben Shrara

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