8 Unit Multi-Family Property Financing with Cash Earn-out

The loan of the week for September 20, 2017 features an 8-unit multifamily property in Los Gatos, California. The loan was part of a purchase transaction and is fixed for seven years at 3.95%. The non-recourse loan has a favorable step-down prepayment penalty plus an additional $700,000 cash earn-out.

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