The loan of the week for April 22, 2015 features a six-unit multifamily in San Jose, California. The $1.1 million loan is fixed for five years at 3.250% and has a 30-year term, fully amortizing. For more information, click here.
The loan of the week for April 8, 2015 features a 13-unit multifamily in Oakland, California. The $1,390,000 loan is fixed for 7 years at 3.660% and has a 30-year term, fully amortizing. The loan was closed in 35 days. To read more, click here.
The loan of the week for April 2, 2015 features a multifamily complex in Pleasant Hill, California. The $4,800,000 bridge loan is adjustable starting at 2.550%. It is also partial recourse and was 78% loan-to-project-cost. To read more, click here.