Executing Under Pressure: Refinancing a Sub-$1M Loan in Just 21 Days

Problem: Our client needed to refinance out of a construction loan before maturity to avoid extension fees. With only one month to close, most lenders were not confident they could meet the deadline, creating a significant challenge in securing financing.

Solution: Through ECM’s detail-oriented process and timely oversight, we identified a credit union that could execute quickly while offering competitive proceeds and pricing for a sub-$1M loan. Acting as a facilitator throughout the process, we ensured all parties stayed aligned and on track for a seamless closing.

Outcome: We successfully closed the loan in just 21 days, allowing our client to refinance ahead of schedule and avoid extension fees. This transaction underscores Essex Capital Markets’ ability to deliver results under pressure and secure tailored solutions for our clients—whether it’s a $60M portfolio or a sub-$1M loan, we provide the right financing solutions to meet our clients’ needs.