Case Studies

Marcus acquired a vacant row home in South Philly for $320K with a $165K gut renovation budget. NextRes closed in 4 days — $120K faster than his bank quote. He completed the renovation in just under 6 months, then listed and sold at $640K, exceeding his ARV estimate by $20K.

Cynthia refinanced 3 Phoenix rental properties in one transaction using our portfolio DSCR product. No tax returns, no income verification — just the rents and a clean title. The blanket loan simplified her balance sheet from 3 separate notes down to a single payment with a lower blended rate.

David identified a distressed 14-unit apartment building going to auction. He needed capital in one week. NextRes delivered — he acquired the building, performed $185K in deferred maintenance and unit renovations, stabilized occupancy from 57% to 91%, then refinanced into a DSCR product 14 months later, netting a $450K equity gain.

Builder James had land purchased and permits approved for a 4,200 sq ft custom spec home, but his bank backed out at the last minute citing rising rates. NextRes funded within 2 weeks, fully funding 18 monthly draws with consistent 48-hour processing — zero delays on the build schedule. The property listed for $1.42M and sold in 11 days.

Venture Partners acquired a 28-unit workforce housing complex at 65% occupancy. NextRes funded the bridge loan including a $320K capex reserve for unit upgrades and common area improvements. The team executed a comprehensive lease-up strategy, reaching 94% occupancy within 18 months, then refinanced with a life company at par.

Sarah purchased a 4-bedroom luxury vacation rental near Old Town Scottsdale. NextRes qualified her on AirDNA projected income — $94,000 in annual STR revenue — achieving a 1.18x DSCR despite the property being a brand-new short-term rental listing with no rental history. Traditional lenders couldn't underwrite STR income.