This was a cash out refinance for a VIP repeat client. This was part of a portfolio of buildings that were being refinanced at the same time with the goal of cashing out funds to be used towards an acquisition of a lager multifamily building that we were also financing.
Only challenge here was the management of all the transactions that were being handled concurrently for the client.
One of the perks to being one of our repeat customers is that we maintain up to date records for these kinds of VIP clients and as a result we can move quick on transactions. This kind of service becomes valuable like in this case where the client had identified an asset but was in a competitive situation against other offers so they went hard on their good faith deposit to beat out competition. When the pressure is on you need a team Like ALB Commercial Capital who can perform and have your back when needed.