The loan of the week for August 27, 2014 features a 16,017 square foot mixed use in Los Angeles, California. The $1.71 million loan is fixed for 5 years at 4.00% with a prepayment penalty for 2 years and a 30-year amortization schedule. Click here for more information.
The loan of the week for August 21, 2014 features a 16-unit multifamily in San Jose, California. The $1,720,000 loan is fixed for 3 years at 3.25% with a 30-year amortization and 3-year prepayment penalty. Click here to read more.
The loan of the week for August 14, 2014 features a 102-unit multifamily and SRO in Oakland, California. The property is subject to 2 regulatory agreements and a HAP contract. The $2.53 million loan is 65% loan-to-purchase-price, fixed for 3 years at 3.39%, and 30-year amortization. Click here for more information.
The loan of the week for August 6, 2014 features a 7-unit multifamily in San Francisco, California. The $970,000 cash-out refinance is fixed for 3 years at 3.04% with a 30-year term, fully amortizing. For more information, click here.