Owner/User Office Building
Another Successful Funded Loan
- $350,000
- 7 Year Fixed @ 6.633%
- Purchase - 74% LTV
- Owner/User
- Office Property
- Los Angeles, CA
ASSIGNMENT:
Purchase of an Owner/User property.
CHALLENGE:
Most of the Lenders for the loan scenario were lending based off the Prime Rate or required higher fees. Borrower wanted to get a lower rate loan for the smaller loan amount.
SOLUTION:
ALB Commercial Capital brokered a loan based off Treasury with normal costs.
