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

6 Units Multifamily

Another Successful Funded Loan

  • $400,000
  • 5 Year Fixed @ 5.850%
  • C/O Refinance - 49% LTV
  • 6 Units
  • Multifamily Property
  • Los Angeles, CA

ASSIGNMENT:

A past client returned to us to refinance his current loan that was soon to roll out of its fixed term.  Our objective was to help the borrower secure a new fixed interest rate and safeguard them from the adjustment that would occur if they allowed their mortgage to roll into an adjustable rate mortgage.

CHALLENGE:

Because of the trend in rising interest rates, the biggest challenge was identifying the best program for a small loan.

SOLUTION:

ALB structured a competitive 5 year fixed with terms that the borrower accepted.