Recently Arranged Non-Recourse Multifamily Loan at 70% LTV

The loan of the week for October 23, 2013 is for a 33-unit multifamily building in Oakland, California. The $1,834,000 non-recourse loan is fixed for 7 years at 4.850% with a step-down prepayment penalty for 5 years. To read more, click here.