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Case Study I DSCR
A seasoned real estate investor conquered a tight timeframe and credit score optimization to obtain an aggressive 80% financing for a critical property acquisition in Philadelphia, aligning with the stringent demands of a 1031 exchange
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DSCR
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DSCR
DSCR
Nov 6th, 2024
Philadelphia, PA
Single Family
Obtain 80% financing for a property purchase, enhance their credit score, and meet a 1031 exchange deadline.
3 min read
A repeat client, known for successfully securing over 10 DSCR loans, approached Express Capital Financing for 80% financing to purchase a property in Philadelphia.
The necessary funds were earmarked from cash-out proceeds of a refinance deal concluded by Express Capital Financing the prior month. With an urgent timeframe dictated by the seller's 1031 exchange deadline, the client also faced the critical task of enhancing their credit score to achieve the requisite financing leverage and favorable interest rates.
Our repeat client, a real estate investor with an extensive history of over 10 DSCR loans, sought significant leverage for a new property acquisition. The catch involved leveraging cash out from a recent refinance coupled with a tight deadline dictated by the seller's 1031 exchange requirement. Adding to the high-stakes scenario was the necessity for credit repair to improve terms and meet the aggressive 80% leverage target.
Under the expert direction of Ben Shrara, Express Capital Financing crafted a customized and effective strategy to address the distinct needs of the borrower. Ben’s deep dive into the borrower's credit facilitated a clear pathway to not only improving the score but also structuring the deal to meet the client's aggressive financial requirements. The result was a seamless transaction that aligned with all predefined requirements and deadlines, leading to a successful property acquisition with the desired leverage and at a rate better than initially projected.
● Rapid Credit Rescore: Quickly improving the borrower's credit rating.
● Detailed Credit Analysis: Thoroughly understanding the borrower's financial standing
● Expedited Processing and Underwriting: Speeding up all necessary procedures to avoid delays.
Secure Your Real Estate Goals with Proven DSCR Solutions
At Express Capital Financing, we understand that each investment opportunity is unique, and we’re here to guide you through every step of the financial journey to ensure success. Whether you’re looking to navigate the volatile market for aggressive terms or need expert advice on optimizing your investment strategy, our team of dedicated professionals is ready to assist. Don’t let financing be the barrier to your next successful real estate investment. Contact us today or schedule a free consultation with Ben Shrara and explore how we can support your financing needs with no obligations.
Featured Topics
DSCR
Nov 6th, 2024
Philadelphia, PA
Single Family
Obtain 80% financing for a property purchase, enhance their credit score, and meet a 1031 exchange deadline.
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