The loan of the week for February 11, 2016 features a 56-unit multifamily in Rohnert Park, California. The $5,800,000 non-recourse loan is fixed for ten years at 4.660% with interest-only payments for the full term. Click here for more information about this and current multifamily lending rates.
The loan of the week for February 4, 2016 features a 58-unit multifamily in Hayward, California. The $6,300,000 bridge loan has a 24-month term and was 75% loan-to-project-cost. It is set to LIBOR plus 2.25% with no interest rate floor. To learn more about this loan and other finance news, click here.
The loan of the week for January 27, 2016 features a 44-unit multifamily in El Sobrante, California. The $7,500,000 non-recourse loan is a cash-out refinance that is fixed for five years at 3.560%. To read more about this loan and upcoming market movers, click here to see our weekly newsletter.
The loan of the week features a 42,895 sq. ft. mixed use property in Oakland, California. The $4,745,000 loan is non-recourse and fixed for five years at 4.170% with a 3-year step-down prepayment penalty. Click here to read our weekly newsletter.
The loan of the week for January 13, 2016 features a 6-unit multifamily in San Francisco, California. The $1,525,000 cash-out refinance is fixed for five years at 3.400% and has a four-year step-down prepayment penalty. For more information, click here to see our weekly newsletter.
The loan of the week for November 12, 2015 features a 25,360 square foot retail center in Santa Rosa, California. The $3.55 million loan was 73% loan-to-value and is fixed for five years at 4.490% with no prepayment penalties. For more information, click here to view our weekly newsletter.