Fed Hints at Timeline & Reduction in Bond Buying, Treasury Yield Up 0.10%

11.20.2013 20131120

The loan of the week for November 20, 2013 features a 7-unit multifamily in San Jose, California that was 29% vacant at the close of escrow. The $705,000 loan is fixed for 5 years at 4.03% and was closed in 30 days.

$2.9MM Non-Recourse Private Money Bridge Loan with Interest-Only Payments

11.14.2013 20131114

The loan of the week for November 14, 2013 features a $2.9 million private money bridge loan with interest-only payments at 7.875%. The non-recourse loan has no prepayment penalty and closed in less than 30 days.

Nils Listed on the Top 20 Commercial Mortgage Brokers Under 35

11.08.2013 Border

The Mortgage Observer recently featured Nils Ratnathicam, President of The Rincon Group, in its annual publication of the. .

Recently Financed $1.2MM Non-Recourse Loan, Fixed for 7 Years

11.06.2013 20131106

The loan of the week for November 6, 2013 features a 22-unit multifamily in Oakland, California. The $1.2 million loan is non-recourse and fixed for 7 years at 75% loan-to-value.

Fed Postpones Plans to Taper; Economy Growing at Slower than Expected Pace

10.30.2013 20131030

The featured loan for the week of October 30, 2013 is for a 2,747 square foot fast food restaurant in Huber Heights, Ohio. The $1,030,000 loan at 70% loan-to-value is fixed for 7 years with a 30-year amortization schedule and prepayment penalty for only 3 years.

Recently Arranged Non-Recourse Multifamily Loan at 70% LTV

10.23.2013 20131023

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.

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