THE CLIENT

Our client is a dedicated real estate investor with a passion for revitalizing local communities. Several years ago, he purchased a mixed-use property from his parents: an investment featuring one commercial unit (currently a hair salon) and six residential units. He has been steadily improving the property, one unit at a time, with a vision to enhance both tenant experience and property value.

THE CLIENT’S CHALLENGE

The borrower was carrying a hard money loan used to finance earlier stages of the property purchase and improvements. As he neared the final stages of renovating one of the residential units, he sought a permanent financing solution. Initially, he approached Firstrust Bank, Apex Commercial Capital’s parent company. However, he did not meet the debt service guidelines required for conventional financing at that time.

Facing mounting pressure to eliminate the high-cost hard money loan and needing some additional cash to complete the renovation, the borrower needed a short-term solution that would stabilize his investment until he could qualify for longer-term financing.

THE APEX COMMERCIAL CAPITAL SOLUTION

$267,000 • Bridge Loan • Refinance Hard Money Debt and Fund Renovations

Apex Commercial Capital stepped in with a bridge loan tailored to the client’s immediate needs. Referred by Firstrust Bank, the borrower was able to pay off the hard money loan, access cash for completing his renovations, and continue improving the property’s financial performance. Apex's flexible underwriting approach enabled the client to position the building for near-term profitability and long-term refinancing success.

FINAL RESULTS

With Apex’s bridge loan in place, the borrower paid off the high-cost hard money lender, secured the funds needed to complete renovations, and avoided any disruption to his investment strategy. Now with the final residential unit nearly finished, the property’s rental income is poised to support conventional financing. The borrower plans to pursue a long-term mortgage either through Apex Commercial Capital or Firstrust Bank, depending on qualification, setting the stage for ongoing stability and growth.

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