• (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

  • $1,332,000
  • 5 Year fixed @ 4.50%
  • Purchase-62% LTV
  • 12 Units
  • Multifamily Property
  • Panorama City, Calif.

ASSIGNMENT:

Purchase Loan for returning client. Adding third apartment unit complex to his portfolio.

 

CHALLENGE:

Short escrow in a rent control area.

 

SOLUTION:

Utilized a lender that was able to underwrite at 1.15DCR to maximize leverage-coordinated appraisal with 10-day turn around to close on time.