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

24 Units Multifamily

Another Successful Funded Loan

  • $5,130,000
  • 5 Year Fixed @ 4.500%
  • C/O Refinance - 60% LTV
  • 24 Units
  • Multifamily Property
  • Long Beach, CA

ASSIGNMENT:

This was a cash out refinance assignment that we received from one of best clients.  We were taking out a Fannie loan which also included paying off a supplemental loan.

CHALLENGE:

When you're paying off agency loans it can be a headache since they require you to request a payoff 30 days in advance.

SOLUTION:

ALB structured a new 1st trust deed paying off the two loans and also was able to help the borrower to cash out some funds. and while placing them into a good 5 year fixed rate loan program.