The loan of the week for August 19th features a 18-unit multifamily in Oakland, California. The $1.3 million loan was 75% loan-to-purchase-price, fixed for 5 years at 3.950%, and has a prepayment penalty for two years. For more information, please click here to read more.
The loan of the week for August 12, 2015 features a 6-unit multifamily in Belmont, California. The $1.1 million rate and term refinance is fixed for five years at 3.200% and has a step-down prepayment penalty for four years. Click here to learn more.
The loan of the week for August 5, 2015 features a 6,795 square foot mixed use building in Oakland, California. The $840,000 loan is fixed for five years at 3.890% with a 30-year amortization schedule. It was 70% loan-to-purchase-price. For more information on this and upcoming market movers, you can read more here.
For July 23, 2015, the loan of the week features a 11-unit multifamily in Oakland, California. The $1.18 million loan was for a purchase transaction and closed in 35 days. It is fixed for five years at 3.710% and has a five-year step-down prepayment penalty. Click here to read more on this and upcoming market…
The loan of the week for July 9, 2015 features a 100,000 square foot self-storage facility in Newark, California. The $7,850,000 loan iss for ground-up construction and has an interest rate of the 30-day LIBOR plus 2.90%, which is 3.09% today. The loan has a three-year term with two twelve-month extensions. To read more about…
The loan of the week for June 25, 2015 features a 80+ unit portfolio in Berkeley and Oakland, California. The $7.6 million portfolio cash-out refinance is fixed for five years at 3.450% and was 75% loan-to-value. For more information on the portfolio and upcoming market movers, click here to see our weekly newsletter.