• (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610
  • (800) 510-2214
  • info@albcommercialcapital.com
  • Cal BRE License #01379610

5 Units Multifamily, Mixed Use

Another Successful Funded Loan

  • $651,000
  • 5 Year Fixed @ 3.850%
  • Purchase - 70% LTV
  • 05 Units, Mixed Use
  • Multifamily Property, Mixed Use
  • Long Beach, CA

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.