The loan of the week for June 17, 2015 features a 8-unit multifamily in San Jose, California. The $1.36MM cash-out refinance is fixed for 5 years at 3.39% with a 30-year term. Click here for more information.
The loan of the week for June 11, 2015 features a 18-unit multifamily in San Jose, California. The $1.89 million cash-out refinance is fixed for 3 years at 3.150%. Click here to read more.
The loan of the week for June 3, 2015 is for a 6-unit multifamily in San Bruno, California. The $1,450,000 bridge loan was 70% loan-to-purchase-price with interest-only payments for the first year. There is no prepayment penalty after the first year. Read more about this and upcoming market movers here.
The loan of the week for May 28, 2015 features a 30-unit multifamily in San Francisco, California. The $5,500,000 loan is non-recourse with a 30-year term, fully amortizing. It is fixed for seven years at 3.450%. To read more from our weekly mailer, click here.
The loan of the week for May 14, 2015 features a 44-unit multifamily in Oakland, California. The $2,640,000 loan is fixed for 5 years at 3.750% and has a 3-year step-down prepayment penalty. It was 75% of the purchase price. To read more about this deal and current market rates, click here!
The featured loan of the week for May 6, 2015 is for a 21-unit multifamily in Moraga, California. The $3,300,000 cash-out refinance is fixed for five years at 3.520%. The loan closed in less than thirty days. For more information about this and upcoming market movers, click here.