Category: Latest News
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Bernanke to Speak Tomorrow & Release Beige Book
Ben Bernanke, chairman of the Federal Reserve, will be testifying before the House Financial Services Committee tomorrow. Later in the day, the Beige Book will be released, which is a report on economic conditions that is used at FOMC meetings to set interest rate policy. In addition, click here to view our loan of the…
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70% LTV for Mobile Home Park, 7-Year Fixed at 4.00%
The loan of the week for July 9, 2013 is a mobile home park with 38 spaces in Ukiah, California. The $1,050,000 loan is fixed for 7 years at 4.000%. With a $1,500,000 purchase price, the loan is 70% loan-to-value. More Details
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Fixed for 10 Years at 4.32%, Non-Recourse
The loan of the week for July 2, 2013 includes a 32-unit apartment in San Rafael, California. The $3,250,000 non-recourse loan is fixed for 10 years at 4.320%. Click here for more information.
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Recently Financed $3.675MM Loan, 7-Year Fixed at 4.00%, Non-Recourse
The week of June 25, 2013 features a 21-unit apartment complex in Oakland, California. The $3,675,000 loan is non-recourse and fixed for 7 years at 4.000%. The refinance was under application with the lender while units were being renovated. For more details, click here.
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Tomorrow’s Fed Announcement to Impact Lending Rates
On June 19, 2013, the Federal Reserve will announce the results of its two-day policy meeting. To learn more about its repercussions, click here. The Rincon Group’s loan of the week features a 8,448 square foot single-tenant retail property in Dallas, Texas. The $1,950,000 loan is fixed for 10 years at 4.750% with a 25-year…
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5-Year Fixed at 3.25%, Up to 75% LTV
For the week of June 11, 2013, the loan of the week features a 12-unit multifamily in San Bruno, California. The $1,380,000 loan is fixed for 5 years at 3.650% with a 3-year prepayment penalty. It is 70% loan-to-purchase price and non-recourse. Click here to read more.