The loan of the week for May 18, 2016 features a 18-unit multifamily in Santa Rosa, California. The $2,300,000 non-recourse loan is fixed for five years at 3.63% and has interest-only payments for the first year. To read more about this and other upcoming market movers, click here for our weekly newsletter.
The loan of the week for May 5, 2016 features a 36-unit multifamily in Hayward, California. The $7.7 million bridge financing has an adjustable interest rate, starting at 4.250%. The loan also has interest-only payments for two years. To read more about this and other financing updates, click here for our weekly newsletter.