70%
Loan to Value
$179,600
Total Loan
Ben
Shrara
Shattering Refinancing Barriers in Orlando's Dynamic Market
Case Study I DSCR
A broker-investor navigates stringent DSCR barriers to clinch a 70% LTV cash-out deal, proving expertise and agility in a tough financial landscape.
70%
Loan to Value
$179,600
Total Loan
Ben
Shara
The Stats
$179,600
Total Loan Amount
7.12%
Interest Rate
70%
Loan To Value
1.322
DSCR
The Stats
$179,600
Total Loan
Amount
7.12%
Interest
Rate
70%
Loan To
Value
1.322
DSCR
Overview
Loan Program Used
DSCR
Closing Date
November 5th 2024
Location
Orlando, FL
Property Type
Single Family
Goals
To achieve a 70% LTV cash-out refinance with competitive rates for a commercial property.
3 min read
Project Summary
Facing steep refinancing challenges in Orlando's dynamic market, a broker-investor, with Ben Shrara's skillful navigation at Express Capital Financing, triumphantly locked in a strategic 70% LTV cash-out refinance, overcoming stringent DSCR limits and expedited deadlines.
In the vibrant heart of Orlando, FL, a keen broker-investor faced significant refinancing challenges with a commercial property. The goal was ambitious: to secure a 70% LTV cash-out refinance that promised competitive rates and minimal hurdles. The journey ahead was fraught with challenges, from tight deadlines to stringent DSCR (Debt Service Coverage Ratio) requirements. Our experienced Loan Officer, Ben Shrara, stepped in to navigate the complexities of refinancing under tight constraints.
The Challenge
The broker faced several formidable challenges in the quest for optimal refinancing. These hurdles included:
- Securing a Competitive Interest Rate: Achieve a cost-effective interest rate to enhance the investment’s profitability.
- Demand for Speed: The investor aimed for a quick transaction to preempt market dynamics and unlock capital efficiently.
- Seeking a Light Underwriting Process: A simplified, less burdensome underwriting process was crucial to facilitate a rapid closure.
- Flexibility in Fees: Minimal to non-existent prepayment penalties were essential for adaptive future financial strategies.
- Tight DSCR Constraints: The property’s debt service coverage ratio posed a stringent qualification barrier.
The Solution
Express Capital Financing, under the guidance of loan officer Ben Shrara, crafted a bespoke financial strategy to overcome these obstacles. The approach included:
- Customized DSCR Loan Program: Tailored to meet the specific needs of the commercial property, balancing competitive rates with the demands of the investment.
- Expedited Underwriting Process: Prioritizing the broker’s application to ensure a rapid turnaround without sacrificing attention to detail.
- Negotiation for Competitive Insurance Quotes: Leveraging industry connections to secure cost-effective insurance, thereby enhancing loan appeal.
- Expert Guidance and Advice: Ben Shrara advocated for early document submission and promised efficient handling of the application, emphasizing clear and constant communication.
The strategic interventions and personalized handling of the application culminated in securing a DSCR loan that boasted competitive rates, a quick closing timeline, and light prepayment penalties, finely tuned to the investor’s requirements.
Key Takeaways
Thanks to Express Capital Financing's customized approach and Ben Shrara's dedicated assistance, the broker secured a refinancing package that aligned perfectly with her requirements. The competitive rates, coupled with light prepayment penalties, paved the way for a timely closing, allowing the broker to capitalize on the property's value without the burden of excessive penalties.
- The Value of Expertise: Having a seasoned loan officer who can guide you through the intricacies of DSCR loans is invaluable. Ben Shrara’s expertise was pivotal in identifying and implementing the optimal refinancing strategy.
- Customized Lending Solutions: Express Capital Financing demonstrated that a one-size-fits-all approach doesn’t work in real estate financing. Tailoring the loan to the investor’s specific needs and constraints was key to the project’s success.
- Efficiency is King: In real estate transactions, time is of the essence. The ability to streamline the underwriting process and submit documents promptly can make or break a deal.
- Strategic Partnership: The synergy between the investor and the lender, grounded in transparent communication and mutual trust, highlighted the importance of choosing the right financial partner.
For real estate investors considering DSCR loans, this case study underscores the importance of selecting a lender that not only offers competitive rates and terms but also understands the nuances of your investment goals. With the right partner, even the most complex refinancing challenges can become opportunities for growth and success.
Turn Refinancing Challenges into Opportunities with Express Capital Financing
Realizing your investment dreams shouldn’t be a journey you undertake alone. With the support and expertise of Express Capital Financing, the path to securing your optimum refinancing package, even under the most stringent conditions, is clearer and more achievable than ever.Â
If your investment strategy calls for a loan that meets your precise needs or if you’re looking for personalized guidance to navigate the intricate landscapes of DSCR loans, we invite you to reach out to us.Â
Let Ben Shrara and our team of experts be the architects of your next success story, turning your financing challenges into opportunities for unparalleled growth and achievement.
Featured Topics
Overview
Loan Program Used
DSCR
Closing Date
November 5th 2024
Location
Orlando, FL
Property Type
Single Family
Goals
To achieve a 70% LTV cash-out refinance with competitive rates for a commercial property.
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