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

15 Units-Multifamily Property Long Beach, Calif.

Another Successful Funded Loan

  • $1,470,000
  • 5 Year Fixed @ 3.65%
  • Purchase-75% LTV
  • 15 Units-Multifamily Property Long Beach, Calif.

ASSIGNMENT:

One of our VIP clients was in escrow to buy a larger building and needed to gather some additional funds so that they could close on the transaction.

CHALLENGE

We had no room for errors. We were handling the loan for the clients’ new purchase while simultaneously pulling out money on this refinance to be used towards the down payment. Both loans had to close in less than 60 days. And seller for lager building was in an exchange.

SOLUTION:

We structured both transactions with the same lender and as a result received great pricing, and made the process easier, and we achieved a maximum loan amount on the cash out refinance. Were able to close both transactions one right after the other and on time. YES!