8 Units Multifamily
Another Successful Funded Loan
- $525,000
- 5 Year Fixed @ 5.950%
- C/O Refinance - 44% LTV
- 8 Units
- Multifamily Property
- Los Angeles, CA
ASSIGNMENT:
A past client returned to us to refinance their apartment building to get locked into a new fixed term.
CHALLENGE:
Not all transactions come with major challenges, this was one of those kinds of deals. The only challenge was our borrowers had caught COVID and we were delayed a couple of days.
SOLUTION:
At ALB we pride ourselves in getting the job done! That's exactly what we did on this loan and we already now are working on another for the clients. :)
