• (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

  • $1,350,000
  • 12 Mth Bridge @ 9.990%
  • Purchase - 75% LTV
  • 10 Units
  • Multifamily Property
  • Hesperia, CA


We had seen this asset come across our desk multiple times it was bound to end up here at ALB for financing.  One of our VIP brokers had a buyer he was working with that he referred over to us to get financed for this purchase. The buyers were in a 1031 exchange.


The rents collected on the property were low and as a result was requiring an extremely large downpayment, more funds than the borrowers had available for this purchase, but they really wanted to take down the asset.


ALB structured a bridge loan at 75% LTV for the buyers. This allowed them to purchase the building and then gives them a year to stabilize the rents to market and make property improvements. We will then refinance them out afterwards placing them into conventional bank financing.