Why Wifiplex is the Ideal Partner for Building Refinancing

Why Wifiplex is the Ideal Partner for Your Clients’ Building Refinancing Needs

As a mortgage broker, your goal is to help your clients maximize the value of their properties during refinancing. Whether you’re dealing with individual investors or large multifamily operators, finding ways to increase cash flow and the overall building value is crucial. This is where Wifiplex steps in.

Wifiplex offers an innovative solution that can increase rent by an average of $50 per unit per month, providing owners with significant additional income. For example, let’s say you’re working with a 120-unit building. By implementing our solution, your client could see an additional $6,000 per month in cash flow. This increase could add between $1.2 million and $1.4 million in property value, depending on the building’s location.

Now, consider the cost of implementing our solution, which is roughly $50,000 for a multifamily building. With the added value and extra cash flow, this becomes a phenomenal return on investment. It’s particularly attractive when combined with programs like CMHC’s Energy Efficient Multi-Unit Program (EEMLI Select), which could make refinancing even more rewarding.

For mortgage brokers, offering this service to clients not only helps them enhance their property’s value and monthly income but also allows you to secure a more substantial refinance package. Plus, your commission grows as the refinance amount increases.

If you’re ready to help your clients unlock hidden value in their properties, contact us at Wifiplex today. Visit our website at Wifiplex.ca and learn more about how our solution can work for your clients.