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

27 Units Multifamily

Another Successful Funded Loan

  • $1,950,000
  • 5 Year Fixed @ 3.85%
  • C/O Refinance-65% LTV
  • 27 Units
  • Multifamily Property
  • Palm Springs, Calif.

ASSIGNMENT:

This was a cash out refinance and the second time we had financed this building. 

CHALLENGE:

Biggest challenge was in how the organizational structure had changed in the LLC which title was held under. One of the owners was being removed from title.

SOLUTION:

We spoke with the clients and their CPA, and attorney and it was explained to us on what they were trying to accomplish, we ended up structuring a sweet deal with the lender of choice and closed the transaction. Clients were happy-Hope to do this for a 3rd time.