Case StudySponsored by Express Capital Financing

Case Study: Beyond the Appraisal. Turning a Valuation Setback into a Commercial Victory

Learn how Loan Officer Ben Shrara revived a multifamily refinance in Passaic, NJ by successfully challenging a low appraisal, restructuring the loan with an interest-only term, and helping the borrower unlock equity while meeting DSCR requirements.

By Ben Shrara, Loan Officer at Express Capital FinancingOctober 28, 20252 min read

Case Study - Express Capital Financing

When a six-unit multifamily property in Passaic, New Jersey, faced an unexpectedly low appraisal, the deal seemed on the verge of collapsing. But through persistence, technical expertise, and the right loan structure, Express Capital Financing’s Loan Officer Ben Shrara turned what looked like a dead end into a success story.

Every loan has a story behind the numbers.
In this section, The Elite Officer highlights real-world cases where Loan Officers turned complex challenges into successful closings. Each case shows how persistence, creativity, and financial strategy can make the difference between a stalled deal and a successful closing.

Type: Six-unit multifamily

Location: Passaic, New Jersey

Loan Amount: $960,000

Rate: 7.625 %

LTV: 60 %

Final DSCR: 1.758

About the author

Ben Shrara

Loan Officer at Express Capital Financing

Ben Shrara is a Loan Officer at Express Capital Financing, where he specializes in investment-purpose real estate lending. With a strong focus on creative loan structuring, Ben helps investors secure financing across multiple asset classes — from residential and multifamily to commercial properties — utilizing DSCR, bridge, and interest-only loan programs to meet each client's unique goals.