Fed Drops Unemployment Rate Threshold for First Rate Increase

The loan of the week for April 9, 2014 features a 16-unit multifamily in Oakland, California. The $1,800,000 loan is fixed for 5 years at 3.850% with a 30-year amortization schedule. The loan was for a purchase transaction and closed in 28 days. For more information, read here.

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