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


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.

Bernanke to Speak Tomorrow & Release Beige Book

07.16.2013 20130716

Ben Bernanke, chairman of the Federal Reserve, will be testifying before the House Financial Services Committee tomorrow. Later in the day, the Beige Book will be released, which is a report on economic conditions that is used at FOMC meetings to set interest rate policy.

70% LTV for Mobile Home Park, 7-Year Fixed at 4.00%

07.09.2013 20130709

The loan of the week for July 9, 2013 is a mobile home park with 38 spaces in Ukiah, California. The $1,050,000 loan is fixed for 7 years at 4.000%.

Fixed for 10 Years at 4.32%, Non-Recourse

07.02.2013 20130702

The loan of the week for July 2, 2013 includes a 32-unit apartment in San Rafael, California. The $3,250,000 non-recourse loan is fixed for 10 years at 4.320%.