This was a purchase transaction for a past client. Like in many loan assignments we had past positive transactions with the listing agent, selling agent and the sellers, and the property management company.
We had seen this deal previously with a different borrower who had backed out on the transaction and the property had just transferred to a new property management firm with whom we know well. Although we had complete confidence in the management firm, they just took control of the asset so the historical property information for prior years was limited and unorganized.
ALB worked with the Agents, the Seller, and the Management firm and together was able to get the property info in order. We closed, and we have 5 other transactions going on for the borrower. If you are looking for a team that is experienced and delivers every time than call ALB Commercial Capital.