A Refinance Designed for Speed and Certainty | Portage Park Multifamily

Problem: A sophisticated local developer sought a non-recourse cash-out refinance on two stabilized six-flats. They wanted a lender that could deliver proceeds, structure, and flexibility without slowing down their construction pipeline or pulling focus from active projects.

Solution: ECM matched the sponsor with a non-recourse bank offering full rate-lock flexibility, allowing the client to lock anytime from application through closing. We guided the process end to end, kept the execution tight, and advised the developer on the optimal timing for the rate lock based on daily market movement.

Outcome: The sponsor secured a seamless cash-out refinance with favorable non-recourse terms, locked their rate when the 5 Year UST was near its 52-week low, and closed efficiently with minimal lift on their side. The result saved the client time and money while strengthening liquidity for future projects.