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

2 Units Commercial

Another Successful Funded Loan

  • $500,000
  • 5 Year Fixed @ 5.750%
  • R/T Refinance-43% LTV
  • 2 Units
  • Commercial Property
  • Glendale, CA

ASSIGNMENT:

This was a rate and term refinance for an office buidling for a client that did not look good on paper.

CHALLENGE:

The property was low leverage the main challenge was the applicant.

SOLUTION:

We had identified a lender that is a subprime type program that finances borrowers that are a bit out of your typical lending box. We got the deal done without having to go to hard money.