43 Units- Multifamily Property

Another Successfully Funded Loan

  • $4,185,000
  • 5 Year fixed @ 4.18%
  • Purchase-78% LTV
  • 43 Units- Multifamily Property San Bernardino, Calif.

ASSIGNMENT:

This was a purchase transaction for a repeat client who had initially been referred to us by CRE agents. Client was in a 1031 exchange and bringing in additional investors on the deal.

CHALLENGE

We had one borrower who had to vest in a certain manner to satisfy his exchange while at the same time entering into a new LLC with his investing partners in which he was also going to be the managing member and qualifying applicant for the new loan.

SOLUTION:

Wasn’t hard for us since we have been there and done that before. Deal was structured as a TIC and we financed under Freddie Mac SBL program requiring no tax returns and achieved almost 80% LTV.

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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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Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

Office : (626) 296-7777
Fax : (626) 296-7771

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