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

27 Units-Multifamily Property Palm Springs, Calif.

Another Successful Funded Loan

  • $1,950,000
  • 5 Year Fixed @ 3.85%
  • Cash Out 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.