8 Units- Multifamily Property

Another Successfully Funded Loan

  • $646,750
  • 5 Year fixed @ 4.875%
  • Cash Out Refinance-65% LTV
  • 8 Units- Multifamily Property San Bernardino, Calif.

ASSIGNMENT:

This was a cash out refinance transaction for a repeat client. She was trying to buy another building and needed to get some cash together.

CHALLENGE

The applicants credit scores had dropped, debt had increased, and reserves had deteriorated since the last loan we did together.

SOLUTION:

To offset the chance of being denied due to borrower’s ratios we were able to have the lender agree to have all of the revolving and secured debt to be paid off in escrow from the use of some of the proceeds from the cash out.

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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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Adress:

Headquarters
2476 Lake Ave.
Altadena CA 91001 USA

Phone:

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

CONTACT FORM

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