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

11 Units Multifamily

Another Successful Funded Loan

  • $605,000
  • 5 Year fixed @ 4.22%
  • C/O Refinance-24% LTV
  • 11 Units
  • Multifamily Property
  • Bell, Calif.

ASSIGNMENT:

This was a cash out refinance loan request. The client was referred to us by one of our past clients.

 

CHALLENGE:

Property had been awarded to our client as part of a divorce. Ex-husband had kept terrible records. We had to help in constructing the operating history after gathering all of their info. Lots of communication had to go through her son in-law.

 

SOLUTION:

We were able to get the credit all cleaned up we cleared up some title issues that the client hadn’t even known about we got them a great loan while obtaining a good amount of cash out from the property. It’s a treat to leave a person in a better position than when you met them.