Multifamily Loan in North Carolina

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Closed Loan in Charlotte, North Carolina

Purpose: Refinance
Loan Amount: $450,000
Location: Charlotte, North Carolina
Days to Close: 26

Challenge:

  • Borrower tried to refinance their multifamily property in NC with a competitor who ended up reconditioning the file at closing.
  • Borrower was very upset and walked away.

Solution:

  • They took their request to Commercial Direct, who required less documentation than the previous lender.
  • Worked with the existing appraisal and title policy.
  • Closed the loan in less than 30 days.

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