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.
