The weekly loan for January 29, 2014 features a 20,969 square foot mixed use building in Oakland, California. The $1,275,000 loan is fixed for 5 years with a 10-year term and 30-year amortization period. It also includes a step-down prepayment penalty for the first 3 years. Learn more.
The loan of the week for January 22, 2014 features a 13,824 square foot NNN Rite Aid in Charlotte, North Carolina. The $2,700,000 loan is fixed for 10 years at 4.875% with a 25-year term and 25-year amortization period. For more information, click here.
The loan of the week for February 16, 2014 features a 71-unit multifamily in Pleasant Hill, California. The $7,000,000 loan has a $700,000 earn-out provision and is fixed for 5 years at 3.925%. It also allows for interest-only payments for the first 3 years and a step-down prepayment penalty for the first 2 years. For…
The loan of the week for January 8, 2014 is a cash-out refinance for a 11-unit multifamily in Berkeley, California. The $1,300,000 loan is fixed for 5 years at 3.711% with a 3-year step-down prepayment penalty of 3%, 2%, 1%, then 0%. For more information, click here.