Fed Hints at Timeline & Reduction in Bond Buying, Treasury Yield Up 0.10%

11.20.2013

The loan of the week for November 20, 2013 features a 7-unit multifamily in San Jose, California that was 29% vacant at the close of escrow. The $705,000 loan is fixed for 5 years at 4.03% and was closed in 30 days. To read more, click here....

$2.9MM Non-Recourse Private Money Bridge Loan with Interest-Only Payments

11.14.2013

The loan of the week for November 14, 2013 features a $2.9 million private money bridge loan with interest-only payments at 7.875%. The non-recourse loan has no prepayment penalty and closed in less than 30 days. For more information, read more....

Nils Listed on the Top 20 Commercial Mortgage Brokers Under 35

11.08.2013

The Mortgage Observer recently featured Nils Ratnathicam, President of The Rincon Group, in its annual publication of the Top 20 Commercial Mortgage Brokers Under 35. “The future of commercial real estate debt and equity is safe with this, the second class of Mortgage Observer’s rising stars. This year, we opened the nominations up to include professionals fro...

Recently Financed $1.2MM Non-Recourse Loan, Fixed for 7 Years

11.06.2013

The loan of the week for November 6, 2013 features a 22-unit multifamily in Oakland, California. The $1.2 million loan is non-recourse and fixed for 7 years at 75% loan-to-value. Click here for more information....