03/11/2026
5.0 star review received on Experience.com for Dirk Nelson by Rei M - I recently closed a large-loan refinance with Dirk Nelson and 5th Street Capital, and the ex*****on materially outperformed our original lender.
The borrower originally purchased the property with a $3.9 million loan with an interest rate of 9.00% due to a low FICO exception. Our strategy was straightforward: improve
the credit score above 700 and refinance with the existing servicer for a smoother, lower-cost transaction. We executed a structured credit repair plan that moved the borrower from below 700 to 741, eliminating prior pricing exceptions.
However, once we moved forward on a refinance with the original lender, several structural limitations surfaced after submission:
They applied a “lower-of purchase price or appraised value” rule due to the recent acquisition, pushing LTV closer to 70%.
Pricing moved from the expected mid-6’s at sub-65% LTV to ~7.625% plus half a point at 70%.
Even with a 740+ FICO, pricing and comp constraints remained unchanged.
The economics simply stopped making sense.
Dirk stepped in and delivered:
70% LTV up to $4MM with no exception required
Rate approximately 0.75% lower
Lender-paid compensation structure
Closed in roughly two weeks
Just as important as the structure was the process. Conditions were acknowledged within the hour and often cleared within a couple of hours. No back-office drag. No moving goalposts. The team exceeded the expectations that were set from day one.
In large-loan scenarios, guideline interpretation, LTV flexibility, and compensation structure materially impact ex*****on. Dirk and 5th Street Capital identified issues upfront that the prior lender did not surface until deep into the process.
This was a textbook example of how the right lender partner can improve rate, cost, compensation, and speed — all at the same time.
Highly recommend.
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