24 Units-Multifamily Property.

Another Successful Funded Loan

  • $2,000,000
  • 5 Year fixed @ 4.375%
  • Cash Out Refinance-39% LTV
  • 24 Units- Multifamily Property Lakewood, Calif.

ASSIGNMENT:

Cash Out Refinance

CHALLENGE

This loan came with multiple borrowers and multiple entities, some living in other States. Coordinating the request and receipt of all documentation was difficult with 7 borrowers, all of which were not sure they would qualify.

SOLUTION:

ALB worked with the borrower’s CPA and Management Company to gather documentation, so borrowers were not inconvenienced. ALB was able to underwrite all 7 borrowers before money was spent to start loan. The UW showed an approvable loan. With confidence, ALB submitted the loan request and successfully closed the loan with no problem.

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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

CONTACT FORM

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