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

8 Units Multifamily

Another Successful Funded Loan

  • $650,000
  • 5 Year Fixed I/O @ 4.875%
  • C/O Refinance - 63% LTV
  • 8 Units
  • Multifamily Property
  • Victorville, CA


This was a refinance transaction for a new client that was referred to us by one of the realtor brokers we've worked with over the years.


The property was purchased less than 1 year ago and therefore seasoning was an issue with many lenders. In order to accomplish the borrower's requested loan amount we required a new value higher than what they had paid a few months prior, Additionally, after the purchase the property was mostly vacant while the property went through renovations and as a result we had a lack of historical info or operating statements.


ALB was able to structure a loan for the borrowers with a lender that did not have a seasoning requirement and that was okay with using a new appraised value and underwrote using a proforma versus the norm of two years and Year to date income expenses. We closed and the borrower already referred us to one of his associates. Repeat & Referral business built from customer satisfaction is one off our founding principles here at ALB.