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

9 Units Multifamily

Another Successful Funded Loan

  • $1,595,000
  • 5 Year Fixed @ 3.22%
  • C/O Refinance - 67% LTV
  • 9 Units
  • Multifamily Property
  • Long Beach, CA


Borrowers were referred to us by a Residential Mortgage Broker. This was a cash out refinance loan request that was potentially going to lead us into a SBA loan on another property.


The borrower had recently made some changes to his vesting structure that had disqualified most lenders from being able to finance the transaction. 


ALB structured a loan utilizing a low doc program with a lender that had no issues with the borrower's current vesting & organizational structure. We believe that the appraiser may have come in low on the appraisal and could have easily came in at a higher value, but nevertheless it didn't interfere with the loan and the transaction was closed and everyone was happy.