Multifamily in Sierra Vista, Arizona
CommLoan was approached by an experienced investor that was working with an agency lender for several months to refinance a 94-unit multifamily property. The agency lender was not able to provide financing to the property.
CommLoan was able to secure a Fannie Mae loan that exceeded the investor’s expectations with a 3.64%, fixed for ten years with a 30 year amortization. CommLoan’s extensive lender database helped the investor gain access to multiple agency lenders, increasing the chances of closing the loan and creating a competitive underwriting environment for the investor. The Cupid Platform generated highly competitive rates and terms for this refinance across all agency lenders.