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

12 Units Multifamily

Another Successful Funded Loan

  • $1,430,000
  • 5 Year Fixed @ 6.670%
  • Purchase - 58% LTV
  • 12 Units
  • Multifamily Property
  • Whittier, CA


This was a purchase being made by one of our VIP investor clients. We were financing this building and another at the same time.


Obtaining Insurance has become a real big challenge in the commercial real estate sector. This was ultimately the biggest challenge that we had. The property turned out to have an electrical panel from a manufacturer that has become unacceptable by a majority of insurance carriers. As a result, there were delays in finding coverage for this transaction.


Our client was able to obtain insurance but at a stealthy cost. Ultimately it allowed us to close the transaction and the investor will be changing the electric panels and then shopping again later for more affordable insurance.