54 Units- Multifamily Property

Another Successfully Funded Loan

  • $8,705,000
  • 7 Year fixed @ 4.150%
  • Purchase-69% LTV
  • 54 Units- Multifamily Property Westminster, Calif.

ASSIGNMENT:

This was a fun purchase transaction for one of our best clients. They were in a 1031 exchange

CHALLENGE

The biggest challenge on this transaction was we either needed a lower price or more income because the rents were very low for the market area.

SOLUTION:

Fortunately the owners of the property were siblings who kind of inherited the property and they wanted to sell and cash out so they had no issues in raising the rents which allowed us to get to a loan amount that worked. This was a tougher transaction.

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