The loan of the week for January 8, 2015 features a 22-unit multifamily in Concord, California. The $2.36 million loan is fixed for five years at 3.780% with a 30-year term, fully amortizing. You can read more about the loan, as well as upcoming market movers, by clicking here.
For December 18th, the loan of the week features an eight-unit multifamily in Concord, California. The $981,000 loan was part of a 1031 exchange and closed in 45 days. Click here to read more.
The loan of the week for December 3, 2014 features a 13-unit multifamily in San Leandro, California. The $1.55MM loan is fixed for 5 years at 3.610% at 75% loan-to-purchase-price. Read here for more information.
The loan of the week for November 20, 2014 features a 21-unit multifamily in Oakland, California. The borrower on the $931,000 loan is a foreign national. For more information, click here.
The loan of the week for November 12, 2014 features a 8-unit multifamily in San Jose, California. The $1 million loan is fixed for 5 years at 3.950% and only has a prepayment penalty in the first year. For more information, click here.
The loan of the week for November 6, 2014 features a 7-unit multifamily in Hayward, California. The $810,000 loan is fixed for 3 years at 3.10% with a 3-year prepayment penalty. For more information, click here.