New York, NY (PRWEB) October 31, 2012
The Real Estate Finance Group, Inc. today announced it continues to close multi-family assets in Los Angeles. Lance Zimmerman, an Associate with the company's West Los Angeles Office represented a private owner financing 29 units, in an amount of $1,855,000 at 3.65%, in the San Fernando Valley area of greater Los Angeles.
The owner of the real estate sought to lower his interest rate and take cash out for upgrades.
After surveying the market, Mr. Zimmerman provided the owner with choices and caveats. Because bank rates are frequently a function of risk, Mr. Zimmerman counseled the owner about the very difficult process required by the bank with the very best rates.
Included in the process and in addition to all usual property information, is inspection of a client's 'global cash flow', Trust Doc's, LLC's, 3 years of Tax Returns including all K-1's and associated paperwork.
Mr. Zimmerman observed "it is like an IRS audit but we navigated all the hurdles".
About The Real Estate Finance Group, Inc. (TREFG)
Through its network of national and regional lenders, TREFG provides financing for multi-family, retail, office, industrial, single-tenant net-lease properties. The Real Estate Finance Group is based in West Los Angeles and New York City.
For information, go to http://www.TheRealEstateFinanceGroup.com