8 Units Multifamily
Another Successful Funded Loan
- $1,500,000
- 5 Year Fixed @3.350%
- Purchase-64% LTV
- 8 Units
- Multifamily Property
- Whittier, CA
ASSIGNMENT:
This was a purchase loan.
CHALLENGE:
Loan amount from other lenders were too low and the deal could not work with the buyers 1031 exchange amount.
SOLUTION:
ALB found the lender that funded the highest loan amount for the deal which was enough to close escrow.
