This was a purchase transaction for a past client who was in a 1031 exchange. We have worked together three times now and we have yet to meet in person. The client works closely with his cousin who represents him as his realtor and we have worked together multiple times with the realtor for transactions for his relative and other clients he refers to us. Hope we can meet the borrower on the next transaction.
Our borrower resides works of country many months out of the year which makes it a little slower process in getting documents back to us but other than that it went fairly smooth.
ALB structured a 5 year fixed and despite delays caused by extension that buyer & seller made to the escrow we were able to negotiate with the lender to keep the rate locked beyond the rate lock period. We closed and everyone is happy and we look forward to the next opportunity.