106 Units- Multifamily Property

Another Successfully Funded Loan

  • $10,935,340
  • 6 Year Interest Only @ 5.140%
  • Purchase-68% LTV
  • 106 Units- Multifamily Property Smyrna, GA

ASSIGNMENT:

A father son team whom we have financed over 100 million, just sold their last multifamily asset in Long Beach Ca. A definite milestone type sale launching them into a different level. Turned out to be a 1031 exchange assignment

CHALLENGE

These clients were big players in the long beach area but once you go out of state on big transactions like this, management becomes a concern, and then large loans like this not many portfolio banks in the game. We also needed low doc and max IO.

SOLUTION:

We were able to place this under a Fannie MaeDus program and got some rate discount for green rewards program, and for a 10 year fixed we achieved 6 years Interest Only. Quick Close as well.

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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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Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

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

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