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

213 Units Multifamily

Another Successful Funded Loan

  • $12,000,000
  • 5 Year fixed @ 4.35%
  • Purchase-63% LTV
  • 213 Units
  • Multifamily Property
  • Sacramento, Calif.

ASSIGNMENT:

The client was referred to us by CRE agents who sold their building. We helped the buyer who bought their down leg property and we had worked real close with seller during that process, which made helping them on their up leg purchase a real joy. Lots of fun.

 

CHALLENGE:

The property was located up in Sacramento and the listing agents had been trying to sway the buyers to use their guy, which was okay we don’t mind competition. Then to top it off we learn that our borrower’s tax filings were not strong as result of how the CPA had prepared them.

 

SOLUTION:

We were able to structure this in a low doc program and pushed the deal through and closed on time. Clients were happy and the listing agents became good contacts as well. Last I heard the clients were going to be selling and making a great profit. That’s Awesome.