8 Units Multifamily
Another Successful Funded Loan
- $1,050,000
- 5 Year Fixed @ 6.500%
- C/O Refinance - 49% LTV
- 8 Units
- Multifamily Property
- Hawthorne, CA
ASSIGNMENT:
Cash Out Refinance with loan proceeds to Close a Purchase transaction.
CHALLENGE:
Borrower was required to Close Purchase in a short timeframe and needed maximum cash out from this refinance.
SOLUTION:
ALB successfully brokered loan with a Lender that had the lowest Underwriting rate/DCR at the time, which gave the borrower enough to Close the other Purchase Escrow on time.
