ASSIGNMENT:

Long Term client came to us for a cash out refinance on a note that came due. However, he was swayed intially by another lender but the deal fell apart so we were contacted to help out.

CHALLENGE:

We were in the early stages of the Covid-Pandemic and this subject property was located in a tertiary market, those two things coupled with the Covid all presented challenges.  

SOLUTION:

ALB identified a lender that would allow up 70% LTV for the property. That was the highest LTV possible at the time. We saved the day and always  happy to help out our clients.