Long Term client came to us for a cash out refinance on a note that came due. However, he was swayed intially by another lender but the deal fell apart so we were contacted to help out.
We were in the early stages of the Covid-Pandemic and this subject property was located in a tertiary market, those two things coupled with the Covid all presented challenges.
ALB identified a lender that would allow up 70% LTV for the property. That was the highest LTV possible at the time. We saved the day and always happy to help out our clients.