17 Units- Multifamily Property

Another Successfully Funded Loan

  • $3,229,000
  • 5 Year fixed @ 4.30%
  • Purchase-63% LTV
  • 17 Units- Multifamily Property Long Beach, Calif.

ASSIGNMENT:

This was a purchase from one of our best investor clients. We met them actually at a walk thru on a property they were selling to one of our other great clients. From that day on we have closed over $75 million with them.

CHALLENGE

Typical challenge for the times in the market area. Price was high and rents were lower than market. The client was under time constraints due to an exchange, and he had to fend off the competing bidders.

SOLUTION:

Buyers were able to negotiate with seller to raise rents while in escrow. This helped us to be able to obtain a bit more leverage and we close the deal 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

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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