The loan of the week for May 21, 2014 features a 2,474 square foot NNN fast food restaurant in Theodore, Alabama. The $1,150,000 loan is fixed for 5 years at 4.360% with a 30-year amortization schedule and 70% loan-to-value. Click here for more information.
This week’s featured loan is for a 2,700 square foot NNN fast food restaurant in White Hall, Arkansas. The $1.36 million loan is fixed for 5 years at 4.450% with a 30-year amortization schedule and no prepayment penalty. Click here for more information.
The loan of the week for May 7, 2014 features a 5,415 square foot mixed use building in Berkeley, California. The $750,000 cash-out refinance was closed in 30 days and is fixed for 5 years at 3.950% at 75% loan-to-value. For more, read here.
For April 30, 2014, the loan of the week features a 20-unit multifamily in Martinez, California. The $1,410,000 loan is fixed for 5 years at 3.700% at 75% LTV. For more information, click here.
The Rincon Group secured financing for a 200-room SRO in Oakland, California. The $4.2 million loan is fixed for 5 years at 4.15% at 70% loan-to-value. It also has a 3-year prepayment penalty. For more information, click here.
The loan of the week for April 16, 2014 is for a 54-unit multifamily in Oakland, California. The $3.15MM 12-month bridge loan has interest-only payments at 4.50% and no prepayment penalty. For more information, read here.