While at the closing table for a refinancing on 200 unit apartment complex, the attorney realized that the insurance was not in compliance with the banks requirements. After some back and forth between the client and his old insurance broker, he realized that his insurance broker will not be able to pull it off, and he won’t be able to deliver what the bank needs.
It seemed like the whole closing was about to fall apart due to the insurance. All parties involved were extremely disappointed, except one gentleman remained calm.
Mr. Friedman, the mortgage broker from Meridian Capital’s IL office, has been working with Evergreen Insurance numerous times on mutual clients, as well as on some of his own buildings. And he knew that one call to Evergreen will get everything resolved!
Mr. Friedman contacted Sol from Evergreen and explained the scenario. Sol told him right away “this is not something that can usually be approved in 3 hours, but I’ll jump as high and as fast possible over any obstacles that will come our way!”
Sol got in touch with all parties involved, got the information needed, and guess what, he approved and bound a policy that very same day, which satisfied the client and the bank.