Case Study: How Bear VII Saved a DSCR Condo Deal When Rates Jumped to 8%
Some deals only get to the finish line because someone is willing to move fast and find a better solution.
This file involved a foreign national borrower purchasing a non-warrantable condo using short-term rental income to qualify. The borrower also needed a lender that could handle a Remote Online Notarization (RON) closing.
The loan was originally submitted in August with a lender offering pricing around 7.35%. At the time, the structure worked and the file was moving forward.
But when it came time to lock, the lender's pricing had jumped to approximately 8.00%. That was not acceptable for the borrower.
With a closing deadline less than two weeks away, Bear VII Equities immediately went back to the market and started reaching out to lender partners. The challenge was not just finding a lower rate. The replacement lender also had to handle a non-warrantable condo, short-term rental income, a foreign national borrower, Remote Online Notarization, and a very tight closing timeline.
Bear VII identified a lender partner that could execute on the complete scenario while offering significantly better pricing. The borrower ultimately locked at 6.875%, improving the terms materially and helping save the deal.
The timing was just as important as the rate. The loan was submitted to the new lender on September 2 and cleared to close on September 9 — just 7 days from submission to clear to close.
Why this deal matters
Mortgage pricing can change quickly. A lender that makes sense when a loan is initially submitted may no longer be the best option several weeks later.
That is one of the biggest advantages of working with a broker that has access to multiple lending relationships. Rather than simply accepting the higher pricing, Bear VII went back to the market, identified another solution, and moved the transaction quickly enough to keep the closing on track.
The result: better rate, lower monthly payment, and the closing protected.
Bear VII Equities works with real estate investors, foreign nationals, and borrowers who need financing for properties that do not always fit traditional lending guidelines, including DSCR loans, short-term rentals, non-warrantable condos, and investment properties.
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