ASSIGNMENT:

This was a purchase loan transaction for an investor that was referred to us by one of our Preferred Commercial Real Estate Brokerages.

CHALLENGE:

Property had some COVID related delinquencies and the borrower had multilevel entities and Fannie & Freddie passed on the deal.

SOLUTION:

The lender of best choice turned out to be a portfolio lender and ALB was able to place loan without the use of Agency programs and at a better interest rate with a more favorable DCR which allowed us to maximize loan dollars for the client.