112 Units- Multifamily Property

Another Successfully Funded Loan

  • $9,000,000
  • 3 Year fixed @ 4.55%
  • Purchase-61% LTV
  • 112 Units- Multifamily Property Bloomington, Calif.

ASSIGNMENT:

This was a purchase transaction and the clients were referred to us by the CRE listing agents with whom we have closed many deal with.

CHALLENGE

The biggest challenge was the uniqueness of the property. It was a mixed use property that consisted of an apartment building and a non-flagged hotel. Although property was making money the characteristics to the property made it difficult to get financed.

SOLUTION:

We reached out to one of our capital sources that deal with out of the box type transactions, and they liked our borrowers and they financed the deal, and all parties were happy. We then moved on to finance a building for the seller.

Contact form:

How Can We Help You ?

Complete this contact form for any general inquiries
And we’ll get right back to you

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

GET IN TOUCH

Adress:

Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

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

CONTACT FORM

Copyright© 2018. All Rights Reserved. ALB Commercial Capital

Close Menu