The loan of the week for June 25, 2014 is for a 28-unit multifamily in Antioch, California. The $1,190,000 loan was part of a 1031 exchange and is fixed for 5 years at 3.800%. For more information, click here.
For June 19, 2014, the loan of the week features a 8-unit multifamily in Long Beach, California. The $780,000 loan is fixed for 5 years at 3.500% with a 30-year term, fully amortizing. For more information, click here.
The featured loan of the week for June 11, 2014 is for a 59-unit multifamily in Santa Rosa, California. The $5.3 million loan is non-recourse with 3 years of interest-only payments, followed by a 30-year amortization schedule. The loan was closed in 45 days. For more information, click here.