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.
