5 Units Multifamily
Another Successful Funded Loan
- $500,000
- 5 Year Fixed @ 3.700%
- Purchase - 45% LTV
- 5 Units
- Multifamily Property
- South Gate, CA
ASSIGNMENT:
This was a Purchase Transaction
CHALLENGE:
The Trustee of the Trust did not want to be on the loan, and the program could not have a Prepayment Penalty.
SOLUTION:
ALB closed the Purchase without the Trustee on the loan & the loan program did not have a Prepay Penalty, meeting the borrower's request.
