7 Units Multifamily
Another Successful Funded Loan
- $1,046,250
- 5 Year Fixed @ 3.200%
- C/O Refinance-75% LTV
- 7 Units
- Multifamily Property
- Long Beach, CA
ASSIGNMENT:
Purchase Loan.
CHALLENGE:
Contract had short escrow period, no contingencies, and property had COVID related tenant balances and non payment.
SOLUTION:
Brokered loan with special compromise to allow the loan to go through on time at the great rate of 3.20% even with vacancy and COVID related balances.
