The loan of the week for September 24, 2014 features a 12-unit multifamily in Scotts Valley, California. The $1.5 million loan is fixed for 5 years at 3.87% with a 30-year term, fully amortizing. To learn more, click here.
The loan of the week for September 17, 2014 features an 8-unit multifamily in San Jose, California. The $1.1 million loan is fixed for 5 years at 3.850% with a 30-year amortization schedule and a step-down prepayment penalty for 3 years. Click here to read more.
The loan of the week for September 11, 2014 features a 28-unit multifamily in Brentwood, California. The $1.9 million loan is fixed for 5 years at 3.950% at 75% loan-to-value. For more information, click here.
For September 3, 2014, the loan of the week features a 27,436 square foot mixed use building in Oakland, California. The $3.31 million non-recourse loan is fixed for 12 years with interest-only payments for the first twelve months. Click here to read more.