36 Units- Multifamily Property

Another Successful Funded Loan

  • $2,026,000
  • 5 Year fixed @ 4.70%
  • Purchase-69% LTV
  • 36 Units- Multifamily Property San Bernardino, Calif.

ASSIGNMENT:

Purchase transaction for a repeat client who was in a 1031 exchange. Ideally he wanted the highest possible leverage on the transaction.

CHALLENGE

There was a lack of historical income and expense statements provided for the building a result of the seller being bad with their bookkeeping. Seller had high onsite management expenses.

SOLUTION:

We were able to provide lender a satisfactory proforma that was in line with an appraisers forecast and well as the underwriter. Got the loan closed 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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