Successful Andersonville Multi-Family Refinance: Essex Capital Markets Repositions an 8-Unit Asset for Better Terms and Faster Closing

Problem: The sponsor sought to refinance a recently expanded 8-unit property in Andersonville. The original 6-flat structure had undergone modifications that complicated the underwriting process and made execution difficult for several lending institutions. The first lender engaged ultimately could not deliver due to internal insurance and credit constraints.

Solution: Essex leveraged its national banking relationships to reposition the deal with a balance-sheet lender capable of offering a clean, non-recourse structure and streamlined underwriting. By reframing the credit narrative and focusing on stabilized performance, the team was able to secure more favorable loan terms and a faster path to close.

Outcome: The new loan closed smoothly with a rate nearly 50 basis points lower than the original option, non-recourse execution, and no structural complications. The transaction restored confidence for the borrower and strengthened their long-term lending relationship.