18 Units-Multifamily Property.

Another Successfully Funded Loan

  • $1,522,000
  • 5 Year fixed @ 4.70%
  • Purchase-61% LTV
  • 18 Units- Multifamily Property Van Nuys, Calif.

ASSIGNMENT:

1031 exchange with a short deadline. Loan had to close in 45 days or exchange would fail.

CHALLENGE

Short closing time was mitigated by completing all of the borrower’s paperwork in a timely manner with an appraisal that was expedited. At the same time, borrower wanted a non-recourse loan.

SOLUTION:

Loan was sized and placed with the only lender that could provide a quick turn time on appraisal and a non-recourse loan (non-agency)was successfully provided to borrower. Loan request was expedited and the 1031 exchange closed successfully.

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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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