43 Units- Multifamily Property

Another Successfully Funded Loan

  • $2,100,000
  • 5 Year fixed @ 4.10%
  • Purchase-70% LTV
  • 43 Units- Multifamily Property San Bernardino, Calif.

ASSIGNMENT:

We were introduced to a client by one of our CRE Brokers that we often work with. After that intro we closed at least 6 apartment loans for the client and his partners.

CHALLENGE

The subject property was not under the best management and as such did not show terrific. This client was bringing in investors into the deal but they did not want to have to qualify for the loan.

SOLUTION:

We helped them structure their new entity (LLC) our client became the manager and since the other partners’ ownership interest were less than 20%, none had to be considered loan applicants. We closed on time and on to the next transaction.

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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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