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

100 Units- Multifamily Property Snoqualmie, WA

Another Successful Funded Loan

  • $23,632,000
  • 7 Year fixed @ 4.65%
  • Purchase-59% LTV
  • 100 Units- Multifamily Property Snoqualmie, WA

ASSIGNMENT:

A purchase transaction for clients that were in a 1031 exchange. Very excited about this deal for these clients this was a real big move up for them.

 

CHALLENGE:

Biggest challenge was that the clients had no other assets in Washington, the clients were also up against stiff competition from deep pocket REITS.

 

SOLUTION:

We utilized the Fannie MAE DUS program with the Green Rewards component. Was not able to get a whole lot of leverage on the deal but got some great interest only and the clients got the deal. We closed and on time.