The loan of the week for August 24, 2016 features a 21-unit multifamily in Oakland, California. The $2,000,000 loan was part of a 1031 exchange transaction and is fixed for seven years at 3.650%. For more information on this and upcoming market movers, click here to read our weekly newsletter.
The loan of the week for August 10, 2016 features a 21-unit multifamily in Santa Rosa, California. The $2,730,000 loan is fixed for seven years at 3.650% and has a five-year step-down prepayment penalty. It was 65% loan-to-purchase-price. To read more about this and other financing news, click here for our weekly newsletter!