Two investors came to us at National Loan Provider with a straightforward goal: they wanted a commercial loan to purchase a 6-unit investment property. The deal made sense to them — and it made sense to us too. The problem was everyone else. Commercial loan rates were running high, and multiple lenders had already turned them away, telling them the deal was too complex to execute.
Our Vice President Preston Pirrello worked through this transaction from start to finish. Rather than turning them away or pushing a product that didn't fit, he took the time to understand the full picture of what they owned — and what they could do with it.
Preston didn't lead with no. He led with a question: do you own any other property?
They did. Two stabilized, cash-flowing 3-unit multifamily properties right here in New Jersey. That one question changed everything. Rather than chase a costly commercial loan on the new asset — with rates in the commercial space running far higher than what we could offer on the residential side — we shifted the entire strategy. We would pull the equity out of what they already owned.
"Preston didn't lead with no. He led with a question: do you own any other property?"
The product we used was a DSCR loan — Debt Service Coverage Ratio financing — and it was the perfect fit for this situation. With a DSCR loan, qualification is based entirely on the property's income. We looked at what the properties were generating in rent, confirmed the income covered the debt service, and that was it. No tax returns. No bank statements. No digging through years of personal financial history. The properties spoke for themselves, and we let them.
That matters more than people realize. These investors had been turned away elsewhere not because their assets weren't performing — they were — but because traditional lenders get caught up in paperwork and personal financials that have nothing to do with whether a rental property can support a loan. DSCR lending cuts through all of that. If the property cash flows, the deal works.
We structured two 30-year fixed cash-out refinances simultaneously, one on each property, locking in a 5.99% rate on both and closed in under 21 days from start to finish. $1,010,000 funded across both loans. These weren't short-term bridge solutions or adjustable products. Thirty-year fixed financing — long-term, stable, predictable — on two performing multifamily assets that other lenders had deemed too complicated to touch.
The equity released from those two refinances gave the investors exactly what they needed: the capital to purchase Camp Pocono Pines in Pennsylvania outright, in cash. No commercial loan. No elevated rate. No lender telling them it couldn't be done. They already owned the assets that made it possible — we just found the right way to use them.
That's what we do at National Loan Provider. We don't just process applications. We ask the right questions, find the right structure, and close fast — so investors can move when opportunity shows up.
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