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

13 Units Multifamily

Another Successful Funded Loan

  • $945,000
  • 7 Year fixed @ 4.125%
  • Purchase-75% LTV
  • 13 Units
  • Multifamily Property
  • Yucca Valley, Calif.

ASSIGNMENT:

This was a purchase transaction for a client in a 1031 exchange.

 

CHALLENGE:

Property was in a real small sub market of San Bernardino, low population, and the property was on a sewer system. Client owned no other property in immediate area and there was a lack of comps.

 

SOLUTION:

We had already financed other properties for the client with lender so we used the same and it made the process simple, and we closed on time.