Case Study: Successful $2.7 Million Financing for a 34-Unit Property in 45 Days
Case Study: Successful $2.7 Million Financing for a 34-Unit Property in 45 Days
At Munoz & Co. Ltd., we take pride in helping our clients navigate complex real estate transactions with efficiency and precision. Recently, we successfully closed the financing for a $2.7 million, 34-unit property in just 45 days, demonstrating our commitment to delivering fast, reliable service while ensuring our clients achieve their investment goals.
The Challenge
Our client came to us with an ambitious goal: to secure financing for a 34-unit property in a tight timeframe, while maximizing their returns and minimizing their upfront costs. The property, with a purchase price of $2.7 million, had strong potential with a monthly cash flow of $37,400. However, the client was concerned about the high costs associated with appraisals, which could have cut into their overall profitability.
Our Solution
At Munoz & Co. Ltd., we understood the importance of keeping costs down while ensuring a smooth and timely closing. We leveraged our network and expertise to negotiate a deal that saved the client $5,100 in appraisal costs. This significant savings allowed them to reinvest that money into the property and focus on increasing its value post-purchase.
In addition to helping them cut costs, we also secured financing at a competitive interest rate of 6.125%. Given the current market conditions, this rate was a strong win for the client, providing them with long-term stability and predictable payments.
The Results
Fast Closing: We successfully closed the deal within 45 days, meeting the client's tight deadline without sacrificing thoroughness or attention to detail.
Cost Savings: By saving the client $5,100 in appraisal costs, we helped them protect their investment and keep more capital in their pocket.
High Cash Flow: The 34-unit property is now generating $37,400 in monthly cash flow, providing a strong and consistent return on investment.
Competitive Financing: The client locked in a favorable interest rate of 6.125%, giving them long-term financial confidence and stability.
A Win-Win Outcome
This successful financing is a testament to our dedication to helping clients maximize their real estate investments. The combination of fast, efficient closing, cost savings, and strong cash flow potential has positioned our client for long-term success. At Munoz & Co. Ltd., we’re proud to be part of their journey and look forward to supporting their future growth.
If you're looking for a partner who can help you navigate complex real estate deals with speed and precision, we’re here to help. Reach out to us to learn how we can make your next deal a success.
