Multifamily in Phoenix, Arizona
The investor was offered a refinance on their property with no cost at 3.99% from their existing lender. CommLoan was tasked with finding a better deal with non-recourse and no involvement from the limited partner.
Utilizing the CUPID™ platform, CommLoan was able to identify a more competitive offer at 3.75%, Fixed for 7 years, while maintaining the borrower’s requirement for non-recourse and no involvement from the limited partner. CommLoan simplified the commercial real estate lending experience for the borrower by partnering with the property management company and the borrower’s CPA to originate the loan.