• (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

  • $605,000
  • 5 Year fixed @ 4.85%
  • Purchase-62% LTV
  • 9 Units
  • Multifamily Property
  • Palm Springs, Calif.

ASSIGNMENT:

This was a purchase transaction and the buyer’s agent was referred to us by one of our past biggest investor clients. Buyer was in a 1031 exchange

 

CHALLENGE:

The location of the property and the small loan amount immediately limits the options for a client, we were up competition too.

 

SOLUTION:

We placed the client in a great 5 yr fixed program and they were happy. Happy client means happy broker. Winning is always nice, but building a new friendship, relationship is the real prize.