• (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

  • $750,000
  • 5 Year Fixed @ 4.375%
  • Purchase-75% LTV
  • 5 Units
  • Multifamily Property
  • Los Angeles, CA


This was a purchase transaction with one of our past clients except on this transaction he was buying with a friend who became a new client for us. We are thankful for all business and it is totally amazing how one transaction can lead to multiple new relationships.


For this transaction the biggest challenge was obtaining al the documentation from the seller.  The listing agent had been very ill during the transaction and we knew that a little extra hand holding was necessary on this deal. We welcomed the challenge made new friends and ended up afterwards being contacted for new assignments with the agent.


Our team packaged and underwrote the borrowers and the property then aligned with a program that the clients liked. Despite the difficulties in obtaining documentation from the seller we ended up closing on time. Everyone was happy.