16 Units-Multifamily Property.

Another Successfully Funded Loan

  • $750,000
  • 5 Year fixed @ 5.455%
  • Cash Out Refinance- 27% LTV
  • 16 Units- Multifamily Property Long Beach, Calif.

ASSIGNMENT:

Cash Out Refinance

CHALLENGE

Retired borrower with plans of being out of the country for the duration of the loan process.

SOLUTION:

ALB worked with the CPA to gather tax returns and financials required for loan. Loan Officer worked directly with the onsite manager who lacked online and fax capabilities. Loan officer met with manager, made copies of lease agreements, rent increases, helped with estoppel certificates, etc. Loan Officer also met with appraiser. Borrower came back and was pleased to have loan approval and closed the following week.

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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

GET IN TOUCH

Adress:

Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

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

CONTACT FORM

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