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

14 Units Multifamily

Another Successful Funded Loan

  • $1,929,000
  • 5 Year Fixed @ 3.710%
  • Purchase - 67% LTV
  • 14 Units
  • Multifamily Property
  • Los Angeles, CA


A past client returns to ALB Commercial Capital for another Apartment Building purchase.


This was challenging mostly because the selling agent was a residential real estate not well versed in commercial real estate and therefore the offer was written with unrealistic time frames, which ended up putting everyone in a pickle at contingency removal time frames. The only program that was going to work for this client was a low doc Agency loan program and this type of loan program at minimum require 60 days.


The loan officer at ALB structured a loan through the Freddie Mac Small Loan program, and was able to manage the transaction guiding all through the process to a successful closing.