100 Units- Multifamily Property

Another Successfully Funded Loan

  • $23,632,000
  • 7 Year fixed @ 4.65%
  • Purchase-59% LTV
  • 100 Units- Multifamily Property Snoqualmie, WA

ASSIGNMENT:

A purchase transaction for clients that were in a 1031 exchange. Very excited about this deal for these clients this was a real big move up for them.

CHALLENGE

Biggest challenge was that the clients had no other assets in Washington, the clients were also up against stiff competition from deep pocket REITS.

SOLUTION:

We utilized the Fannie MAE DUS program with the Green Rewards component. Was not able to get a whole lot of leverage on the deal but got some great interest only and the clients got the deal. We closed and on time.

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ALB Commercial Capital

Office: (626) 296-7777
Toll-Free: (800) 510-2214 Fax: (626) 296-7771
Email: Info@albcommercialcapital.com

Headquarters

2476 Lake Ave Altadena,Ca. 91001

ABOUT US

We are industry experts dedicated to providing our clients the best loan programs, unparalleled service and certainty in execution
Cal BRE License #01379610
www.albcommercialcapital.com

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Adress:

Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

Office : (626) 296-7777
Fax : (626) 296-7771

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