213 Units- Multifamily Property

Another Successfully Funded Loan

  • $12,000,000
  • 5 Year fixed @ 4.35%
  • Purchase-63% LTV
  • 213 Units- Multifamily Property Sacramento, Calif.

ASSIGNMENT:

The client was referred to us by CRE agents who sold their building. We helped the buyer who bought their down leg property and we had worked real close with seller during that process, which made helping them on their up leg purchase a real joy. Lots of fun.

CHALLENGE

The property was located up in Sacramento and the listing agents had been trying to sway the buyers to use their guy, which was okay we don’t mind competition. Then to top it off we learn that our borrower’s tax filings were not strong as result of how the CPA had prepared them.

SOLUTION:

We were able to structure this in a low doc program and pushed the deal through and closed on time. Clients were happy and the listing agents became good contacts as well. Last I heard the clients were going to be selling and making a great profit. That’s Awesome.

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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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Adress:

Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

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

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