THE CLIENT

Five years ago, a husband-and-wife team in Central Pennsylvania started a real estate holding company as a side business. They invest in residential properties — purchasing the properties, making updates and improvements, and renting them out for ongoing income.

In 2023, the couple purchased and renovated an eight-unit multifamily property, using a bridge loan to cover the renovation costs. Now, two years later, that bridge loan was coming due.

THE CHALLENGE

The couple had completed renovations and stabilized the property and were seeking a cash-out refinance to pay off the bridge loan and business expenses, as well as help fund future investments. They initially went to a traditional bank, which was willing to give them a refi, but wouldn’t even discuss the cash-out. That left the borrowers needing an alternative lending solution, fast, before the bridge loan had to be repaid.

THE APEX SOLUTION

$480,000 • Cash-Out Refinance • Quick Close

At Apex Commercial Capital, we’ve built our reputation on closing loans faster and with less paperwork than other lenders. Our streamlined process and underwriting flexibility allow us to create lending solutions tailored to each borrower’s specific needs, and close loans in far less time than traditional lenders. In fact, from the time of commitment, this loan was closed in just five weeks.

THE RESULTS

With Apex Commercial Capital, the borrowers were able to quickly refinance their loan – and the cash-out was no problem at all. They were able to pay off the bridge loan, cover the expenses they’d incurred, and obtained the funds for future projects.

By partnering with us at Apex Commercial Capital, the borrowers secured the refinancing they needed on a multifamily property within an extremely tight timeframe. They also locked in long-term financing with consistent monthly payments, making it easy to move ahead with future ventures.

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