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

21 Units Multifamily

Another Successful Funded Loan

  • $1,032,500
  • 5 Year fixed @ 4.35
  • Purchase-70% LTV
  • 21 Units
  • Multifamily Property
  • San Bernardino, Calif.

ASSIGNMENT:

Listing agents referred us to their buyer, this was the first building we financed for the client and it lead to many more.  When you look back at funded deals it’s always nice to refer back to the beginning of a relationship and how it got started.

 

CHALLENGE:

The client had just sold off some assets and split from his previous partnership. The client had challenges to their tax filings and credit.

 

SOLUTION:

The client qualified for a low doc program and received a rate that was competitive to a full doc program. We closed on time