The loan of the week for May 28, 2015 features a 30-unit multifamily in San Francisco, California. The $5,500,000 loan is non-recourse with a 30-year term, fully amortizing. It is fixed for seven years at 3.450%. To read more from our weekly mailer, click here.
The loan of the week for May 14, 2015 features a 44-unit multifamily in Oakland, California. The $2,640,000 loan is fixed for 5 years at 3.750% and has a 3-year step-down prepayment penalty. It was 75% of the purchase price. To read more about this deal and current market rates, click here!
The featured loan of the week for May 6, 2015 is for a 21-unit multifamily in Moraga, California. The $3,300,000 cash-out refinance is fixed for five years at 3.520%. The loan closed in less than thirty days. For more information about this and upcoming market movers, click here.