8 Units-Multifamily Property.

Another Successful Funded Loan

  • $1,160,000
  • 5 Year fixed @ 4.250%
  • Purchase-58% LTV
  • 8 Units- Multifamily Property Long Beach, Calif.

ASSIGNMENT:

1031 exchange

CHALLENGE

Borrower was having trouble finding lender that would provide loan amount that would fit the 1031 down payment funds. Property rents were low and could not hit the loan amount with the market rate and DCR guidelines.

SOLUTION:

Loan request was sent to lender with lowest underwriting rate and lowest DCR possible. Only 1 lender could have provided the loan amount needed and ALB was able to immediately assess the financials of the property and placed the loan at the perfect place for a successful close.

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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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