6 Units Multifamily
Another Successful Funded Loan
- $852,000
- 5 Year Fixed @ 4.950%
- Rate/Term Refinance - -55% LTV
- 6 Units
- Multifamily Property
- Long Beach, CA
ASSIGNMENT:
Cash out Refinance
CHALLENGE:
Recently purchased through hard money. Lacked seasoning and property had vacancies at the time of refinance. Income of the property failed to service the loan amount required for full pay off.
SOLUTION:
The deal was strategically placed with the only lender that had guidelines and terms that could maximize loan dollars and best approve the client with difficult credit & complex credit file.
