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

5 Units Multifamily

Another Successful Funded Loan

  • $341,250
  • 5 Year fixed @ 4.875%
  • Purchase-75% LTV
  • 5 Units
  • Multifamily Property
  • San Bernardino, Calif.

ASSIGNMENT:

Past Client with whom we had financed an apartment building with in San Bernardino, ended up selling the building and going into an exchange, this subject property was just one of the buildings that she exchanged into. Small bread & butter with upside.

 

CHALLENGE:

Client had racked up some serious debt that was leading to turn downson refinancing of her home, and was hindering her qualifying globally for commercial loans.

 

SOLUTION:

All debt was paid off in escrow, put clients in better position, achieved 75% LTV on purchase and with all debt paid off they were able to refinance their home and lower their rate.