Non-Contingent Multifamily Purchase Finance in West Los Angeles

Marc Schillinger successfully financed the acquisition of a stabilized multifamily property in Los Angeles. The Borrower entered contract without a financing contingency and only 35 days to close. The Sponsor also requested competitive pricing on a 7-year fixed-rate loan with a flexible prepayment schedule. GSP identified a lender that was able to deliver within the Sponsor’s strict timeline, while offering a competitive rate and terms that exceeded borrower expectations.