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

30 Units- Multifamily Property La Habra, Calif.

Another Successful Funded Loan

  • $5,000,000
  • 5 Year fixed @ 3.84%
  • Purchase-66% LTV
  • 30 Units- Multifamily Property La Habra, Calif.

ASSIGNMENT:

These were past clients who sold a building that we had financed a few years prior in Long Beach. They contacted us to let us know that they were in escrow on a building. Coincidentally happened to be a building that another client had shown interest in less than a month before.

 

CHALLENGE

Biggest Challenge is that we were competing with a retail officer for the same Lender we were using but we were on the wholesale correspondent side. Really was not a fun process for obvious reasons the LO did all he could to make our job a nightmare.

 

SOLUTION:

We focused on the goal! Take care of the client get them the best rate & Terms and to close on time. We won and the transaction was completed really appreciate the clients choosing us. In this business a client’s loyalty and support is priceless.