36 Units- Multifamily Property

Another Successfully Funded Loan

  • $2,240,000
  • 5 Year fixed @ 4.65%
  • Purchase-70% LTV
  • 36 Units- Multifamily Property San Bernardino, Calif.

ASSIGNMENT:

The buyer/borrower was referred to us by the listing agents. They had a relationship with another lender but decided to go with us. We were excited for the opportunity and definitely wanted to perform.

CHALLENGE

The subject property was poorly managed and had some evictions in process, some substandard notices on title, and a portion of buyers down payment was from an exchange that had already closed but time clock was ticking fast.

SOLUTION:

We worked with the agents in making sure that all substandard work was completed and signed off and removed from title, any evictions/ vacant units were leased up, and we placed the client into a nice low doc loan program and closed on time. Great new client – very diligent.

Contact form:

How Can We Help You ?

Complete this contact form for any general inquiries
And we’ll get right back to you

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

Copyright© 2018. All Rights Reserved. ALB Commercial Capital

Close Menu