THE CLIENT

It’s crucial for property investors to be able to move quickly to expand their portfolios. This client, a seasoned investor, had the option to purchase additional commercial real estate, but needed lender flexibility and competitive terms to take advantage of the opportunity.

The client was looking to refinance a mixed-use property in Maryland to obtain the necessary cash out to purchase these additional investment properties. The goal was to expand their real estate portfolio and increase rental income

THE CLIENT’S CHALLENGE

While the client was an experienced property investor with great credit, the property type was unusual in a few ways. First, this mixed-use property was unlikely to meet some ratio requirements other lenders have in place. Many require a ratio of one commercial unit to two residential units or two commercial units to two residential units. This property had a ratio of one to one.

Additionally, the commercial unit was a day care center. While these businesses are necessary for working parents, it is difficult for owners to find lenders willing to provide financing on a property that includes a day care.

THE APEX COMMERCIAL CAPITAL SOLUTION

$250,000 • Cash-Out Refinance • Quick and Flexible

Fortunately, the client connected with a broker who sent the scenario to Apex Commercial Capital. With our years of experience and flexibile lending guidelines, Apex was able to underwrite the deal quickly and provide the cash-out needed to purchase additional properties.

Apex Commercial Capital proved that out-of-the-ordinary properties and unusual circumstances are simple to handle, closing this loan about six weeks from commitment. Apex was also able to provide the borrower with competitive terms and the highest possible LTV for this particular property.

FINAL RESULTS

Working with Apex Commercial Capital, the client was able to quickly and seamlessly obtain the funds needed to purchase additional commercial real estate. By expanding their portfolio, the client is now able to increase the rental income they earn.

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