ASSIGNMENT:

Purchase loan for mixed use building.

CHALLENGE:

Purchase had 45 day no extension to loan closing at the same time market has a lack of lending sources that offers competitive loans on mixed use property types.

SOLUTION:

ALB Loan advisor identified the best lender for the borrower’s expectations and strategically placed loan with a lender that could also close on time. At the end of the day, broker obtained loan approval and loan docs 3 weeks earlier than the closing date.