Quick Execution, Better Terms: Cash-Out Refinance for Pilsen Multifamily Asset

Problem: A local investment group approached Essex Capital Markets with just 45 days remaining before the maturity of their existing loan on a 6-unit multifamily property in Pilsen. While the incumbent lender had presented a fairly competitive refinance offer, our team believed we could deliver improved proceeds, structure, and execution speed.

Solution: Within days, we identified and committed to a lender offering enhanced terms. From there, we managed a tightly coordinated closing process, including an expedited appraisal—often the longest lead item—to ensure deadlines were met without compromise.

Outcome: The refinance closed roughly a full week before the maturity date. The client achieved a cash-out refinance with higher proceeds and a more favorable amortization period, all delivered within a compressed timeframe.