THE CLIENT

What started as a dream to pour great wine and build community turned into a thriving wine bar with residential units above in Philadelphia’s Fishtown neighborhood. Since opening the wine bar in 2014, the borrowers have created a welcoming neighborhood staple and invested in real estate as part of their long-term business strategy.

THE CLIENT’S CHALLENGE

The partners needed to refinance their existing mortgage to fund critical property maintenance and unlock capital for future real estate purchases. While they explored bank financing, they quickly encountered challenges: the mixed-use nature of the property, and specifically the commercial tenant being a wine bar, posed underwriting hurdles for many traditional lenders.

To keep momentum on their investment plans, the borrowers also needed to move quickly and close within four to five weeks, another barrier for conventional lenders.

THE APEX COMMERCIAL CAPITAL SOLUTION

$757,000 • Refinance • Property Maintenance & Real Estate Acquisition

Apex Commercial Capital provided a $757,000 refinance loan tailored to the unique needs of this borrower group. Our team understood the value of the property and the strength of its ownership and was able to deliver a flexible solution that met the required closing timeline and navigated around typical bank limitations.

FINAL RESULTS

Thanks to Apex’s speed and adaptability, the borrowers were able to refinance their mortgage, complete important maintenance work, and move forward with additional investment opportunities. By stepping in where banks wouldn’t, Apex helped these passionate business owners continue growing their footprint and their legacy in one of Philadelphia’s most vibrant neighborhoods.

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