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

7 Units Multifamily

Another Successful Funded Loan

  • $1,135,000
  • 5 Year Fixed @ 3.350%
  • Purchase-60% LTV
  • 7 Units
  • Multifamily Property
  • Anaheim, CA

ASSIGNMENT:

This was a Purchase loan.

CHALLENGE:

Deal was in Escrow during the COVID lockdown.  The lender stopped lending and seller had to close past due to pending up-leg purchase.

SOLUTION:

ALB closed the loan with an even better rate and loan amount.  The loan closed in 3 weeks making the deadlines.