36 Units- Multifamily Property
Another Successfully Funded Loan
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.
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.
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.
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