8 Units Multifamily
Another Successful Funded Loan
- $1,135,000
- 5 Year Fixed @ 6.230%
- Purchase - 52% LTV
- 8 Units
- Multifamily Property
- Long Beach, CA
ASSIGNMENT:
Upleg purchase 1031 exchange.
CHALLENGE:
Borrower requested highest leverage to have remaining funds to go toward another property.
SOLUTION:
ALB Brokered loan with the lender that yielded the highest loan dollars, locked Rate at the perfect time overall resulting in more loan dollars at closing than on the original LOI.
