Recently Financed $3.675MM Loan, 7-Year Fixed at 4.00%, Non-Recourse

06.25.2013 20130625

The week of June 25, 2013 features a 21-unit apartment complex in Oakland, California. The $3,675,000 loan is non-recourse and fixed for 7 years at 4.000%. The refinance was under application with the lender while units were being renovated. For more details, click here....

Tomorrow’s Fed Announcement to Impact Lending Rates

06.18.2013 20130618

On June 19, 2013, the Federal Reserve will announce the results of its two-day policy meeting. To learn more about its repercussions, click here. The Rincon Group’s loan of the week features a 8,448 square foot single-tenant retail property in Dallas, Texas. The $1,950,000 loan is fixed for 10 years at 4.750% with a 25-year term and 25-year amortization period....

5-Year Fixed at 3.25%, Up to 75% LTV

06.11.2013 20130611

For the week of June 11, 2013, the loan of the week features a 12-unit multifamily in San Bruno, California. The $1,380,000 loan is fixed for 5 years at 3.650% with a 3-year prepayment penalty. It is 70% loan-to-purchase price and non-recourse. Click here to read more....