The Rincon Group is featuring a new lender program with a 4.850% 15-year fixed rate and step-down prepayment penalty for 3 years. The loan of the week is a $937,500 loan that is fixed for 5 years at 3.800%. The 8-unit multifamily was located in Berkeley, California. For more information, read more.
This week’s featured loan is a $6.8 million rate and term refinance of a 84-unit multifamily in Santa Rosa, California. The loan was fixed for 5 years with a 30-year amortization schedule and a step-down prepayment penalty for 3 years. For more information, click here.
The loan of the week for December 4, 2013 features a cash-out refinance for a 18-unit multifamily in Oakland, California. The $2,000,000 loan is fixed for 5 years at 3.800% with a 30-year term and amortization schedule. For more information, click here.