• (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

  • $562,500
  • 5 Year fixed @ 5.125%
  • Purchase-75% LTV
  • 9 Units 
  • Multifamily Property
  • Adelanto, Calif.

ASSIGNMENT:

Purchase loan for a client referred by a residential broker.

 

CHALLENGE:

Non-Core market, property had limited income to support max leverage.

 

SOLUTION:

Worked with buyer and seller agents to increase rental income through timely rental increases. Lender allowed time to collect rents and increase loan amount.