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

8 Units Multifamily

Another Successful Funded Loan

  • $833,950
  • 5 Year Fixed @ 3.325%
  • C/O Refinance-65% LTV
  • 8 Units
  • Multifamily Property
  • San Bernardino, CA

ASSIGNMENT:

A past client with whom we had financed multiple apartment building returned to us seeking to refinance and cashout on the buildings with a goal of using the funds to acquire an absolute NNN located out of state. 

CHALLENGE:

The biggest hurdle was from an outside broker who was trying to encourage the client to work with him. It was a bit frustrating but at ALB welcomes competition. Besides that we just had to rebuttal inaccurate comments that were made by the appraiser on the subject property.

SOLUTION:

ALB won the business and we were able to structure great terms for the client and maximize his loan dollars beyond what we had initially quoted. At ALB when a past client returns back for our assistance that in itself is a great reward, and one of the things we like most about this business.