Tuesday, June 26, 2012
2410 Chandler in Burbank is closed
But Barry Dane of Crosby Doe Associates pulled this off along with his buyer client and lender Gloria Schulman of Centek. When Barry first told me that his client only had 5% to put down, I scoffed and told him nobody would lend on this. But Barry is tenacious, as is Gloria, and they found a loan program for the buyer. (Barry even drove the streets and alleys of Burbank to see how common the no-garage thing really is.) We closed last week at $380,000 and I wish the buyer best of luck in her new home.