• (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610
  • (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610

12 Units Multifamily

Another Successful Funded Loan

  • $2,550,000
  • 5 Year Fixed @ 4.300%
  • C/O Refinance-54% LTV
  • 12 Units
  • Multifamily Property
  • Pasadena, CA

ASSIGNMENT:

This was a cash out refinance for a new client.

CHALLENGE:

This was a live work type tenant base with one of the tenants being the borrower. This was really the biggest challenge.

SOLUTION:

We identified a lender that was okay with the tenant's structure. The low leverage played a big part in the lender accepting the loan request. We closed and the client was happy, off to the next transaction.