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

16 Units Multifamily

Another Successful Funded Loan

  • $2,600,000
  • 5 Year Fixed @ 6.670%
  • Purchase - 67% LTV
  • 16 Units
  • Multifamily Property
  • Long Beach, CA


A past client entered into this purchase for these 16 units. What was coincidental about the deal was that a few years prior they actually owned this building. They learned that the person who they sold to wanted to sell the property so they bought it back. I guess you could say they liked the building.


The biggest challenge on this deal was insurance. The cost for property insurance has really just gotten ridiculous and out of control.


We Closed the deal but were about two days past COE due to the insurance issues. Off to the next transaction #beware of insurance costs?