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

10 Units Multifamily

Another Successful Funded Loan

  • $675,000
  • 5 Year Fixed @ 3.500%
  • Purchase - 70% LTV
  • 10 Units
  • Multifamily Property
  • Hesperia, CA


This was a purchase transaction from a repeat borrower with whom think is a rising star in the market. He has been moving swiftly with his recent acquisitions and we are happy to be part of the team. On this transaction he was conducting a 1031 exchange.


Since we had just recently closed a transaction for this borrower, we only had to just get some updated information. The biggest hurdle was out of our control, which was our client had a single family downleg property that needed to close in order to make this purchase.


ALB structured a loan with a lender that would lend 70% LTV in the market area and we closed and off to the next transaction.