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

47 Units Multifamily

Another Successful Funded Loan

  • $5,750,000
  • 5 Year fixed & IO @ 4.65%
  • Purchase-51% LTV
  • 47 Units
  • Multifamily Property
  • El Monte, Calif.

ASSIGNMENT:

Purchase loan, 1031 Exchange

CHALLENGE:

Complicated title structure, non-recourse loan requested, interest only loan requested and highest LTV needed but rents were low.

SOLUTION:

Loan Officer successfully brokered loan to meet IO, non recourse, and highest loan amount compared to competition. Loan Officer's long time experience with multifamily financing sorted through the complicated title structure, packaged loan the correct way, and closed loan on time.