14 Units Multifamily
Another Successful Funded Loan
- $1,891,500
- 5 Year Fixed @ 3.400%
- C/O Refinance-65% LTV
- 14 Units
- Multifamily Property
- Inglewood, CA
ASSIGNMENT:
Owner had to pay off a hard money loan on time.
CHALLENGE:
Loan had to be closed before default. Previous proposals from lenders by borrower did not give enough loan dollars.Loan had to be closed before default.
SOLUTION:
ALB was able to place the loan with the right lender to pay off the private lender, and also gave cash out to the borrower.
