Bridge Loan with Condo Releases Closed at 4.28%

08.28.2013 MINOLTA DIGITAL CAMERA

The loan of the week for August 27, 2013 features a $2.75 million loan that is fixed for 5 years at 4.28% with interest-only payments for the first 3 years. It also includes a provision that allowed for the townhomes to be sold individually without a prepayment penalty.

$1.4MM Loan, Fixed for 10 Years, Non-Recourse

08.20.2013 20130820

The loan of the week for August 20, 2013 features a 24-unit multifamily complex in Oakland, California. The $1,400,000 loan is fixed for 10 years and non-recourse.

7-Year Fixed for Net Leased Restaurant, No Prepayment Penalty

08.14.2013 201308013

The loan of the week for August 13th features a net leased fast food restaurant in Mount Vernon, Illinois. The $690,000 loan is fixed for 7 years at 5.260% with no prepayment penalty.

Featured Lender Offers 3.575% Interest-Only, Fixed for 5 Years

08.08.2013

The week of August 6, 2013 features a new lender program that is fixed for 5 years at 3.575% with interest-only payments. The program includes a 30-year term, 5-year step-down prepayment penalty, and a 65% maximum loan-to-value.

75% LTV Financing for Purchase in San Leandro, CA

07.30.2013 20130730

The loan of the week for July 30, 2013 is a $2,400,000 loan for a 28-unit multifamily in San Leandro, California. The loan is fixed for 5 years at 3.970% at 75% loan-to-value.

Recently Financed $1.4MM for 12-Unit Multifamily in San Mateo, CA

07.24.2013 20130723

The Rincon Group recently arranged financing for a 12-unit multifamily in San Mateo, California. The $1,400,000 loan was fixed for 7 years at 4.060% with a 30-year term and 30-year amortization schedule.

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