The loan of the week for November 14, 2013 features a $2.9 million private money bridge loan with interest-only payments at 7.875%. The non-recourse loan has no prepayment penalty and closed in less than 30 days. For more information, read more.
The Mortgage Observer recently featured Nils Ratnathicam, President of The Rincon Group, in its annual publication of the Top 20 Commercial Mortgage Brokers Under 35. “The future of commercial real estate debt and equity is safe with this, the second class of Mortgage Observer’s rising stars. This year, we opened the nominations up to include…
The loan of the week for November 6, 2013 features a 22-unit multifamily in Oakland, California. The $1.2 million loan is non-recourse and fixed for 7 years at 75% loan-to-value. Click here for more information.
The featured loan for the week of October 30, 2013 is for a 2,747 square foot fast food restaurant in Huber Heights, Ohio. The $1,030,000 loan at 70% loan-to-value is fixed for 7 years with a 30-year amortization schedule and prepayment penalty for only 3 years. The NNN lease has 13 years remaining. For more…
The loan of the week for October 23, 2013 is for a 33-unit multifamily building in Oakland, California. The $1,834,000 non-recourse loan is fixed for 7 years at 4.850% with a step-down prepayment penalty for 5 years. To read more, click here.
The loan of the week for October 16, 2013 features a 5,400 square foot mixed use building in San Francisco, California. The $500,000 loan is fixed for 5 years at 4.250% with a 30-year amortization schedule. To learn more, please click here.