• (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
  • 7 Year Fixed @ 2.95%
  • Rate/Term Refinance - 41% LTV
  • 10 Units
  • Multifamily Property
  • Maywood, CA

ASSIGNMENT:

Refinance Rate and Term to pay off 1st and 2nd Trust Deeds.

CHALLENGE:

Required lowest underwriting and DCR to yield enough loan dollars to pay off 1st and 2nd.

SOLUTION:

Brokered loan with 2.95% rate and DCR of 1.2 which yielded enough loan dollars to pay off higher rate 1st and 2nd. The lower rate, saved this property $30,000 in cashflow.