The loan of the week for March 26, 2014 features a 44,264 square foot shopping center in Pinole, California. The $6,000,000 loan is non-recourse with a 30-year amortization schedule and maximum 65% loan-to-value. It is fixed for 5 years at 4.450%. For more information, click here.
The loan of the week for March 19, 2014 features a cash-out refinance of a mixed use building in San Francisco, California. The property consists of 5 commercial art studios and 1 residential unit. The $700,000 loan is fixed for 5 years with a 30-year amortization and 3-year step-down prepayment penalty. For more information, click…
The loan of the week for March 12, 2014 features a 6-unit multifamily in Oakland, California. The $785,000 loan is fixed for 7 years at 4.400% with a 30-year term, fully amortized. The application and processing closed in 35 days. For more information, click here.
The loan of the week for March 5, 2014 was for a 6-unit multifamily in San Jose, California. The $813,000 loan is fixed for 5 years at 3.93% with a 30-year term, fully amortized. Click here to see more.