The loan of the week for August 15, 2019 features a purchase of a 16-unit multifamily property located in Santa Clara, CA. The loan is fixed at 4.35% for 10 years, with a favorable step-down prepayment penalty and 3 years interest only payments. For more information on this and upcoming market movers, click here to read…
Stocks cratered, the dollar hit a more than two-year high and bond yields ripped higher after Fed Chairman Jerome Powell suggested that policymakers were not embarking on a new cycle of rate cutting, after it trimmed the fed funds rate by a quarter point Wednesday. Read more.