The loan of the week for March 21, 2018 features a purchase of a multi-family property located in Oakland, California. The property was 66% vacant at closing. The interest only loan includes a 75% loan-to-cost plus a capital improvement budget. For more information on this and upcoming market movers, click here to read our weekly newsletter.
The loan of the week for March 07, 2018 features a cash-out refinance for a multi-family property in Oakland, California. The $3,734,000 non-recourse loan is fixed for seven years at 4.00% with a favorable step-down prepayment penalty. For more information on this and upcoming market movers, click here to read our weekly newsletter.