The loan of the week for June 25, 2015 features a 80+ unit portfolio in Berkeley and Oakland, California. The $7.6 million portfolio cash-out refinance is fixed for five years at 3.450% and was 75% loan-to-value. For more information on the portfolio and upcoming market movers, click here to see our weekly newsletter.
The loan of the week for June 17, 2015 features a 8-unit multifamily in San Jose, California. The $1.36MM cash-out refinance is fixed for 5 years at 3.39% with a 30-year term. Click here for more information.
The loan of the week for June 11, 2015 features a 18-unit multifamily in San Jose, California. The $1.89 million cash-out refinance is fixed for 3 years at 3.150%. Click here to read more.
The loan of the week for June 3, 2015 is for a 6-unit multifamily in San Bruno, California. The $1,450,000 bridge loan was 70% loan-to-purchase-price with interest-only payments for the first year. There is no prepayment penalty after the first year. Read more about this and upcoming market movers here.