Kathy Anderson arranged financing for a $4,220,000 loan secured by a 5 story, 42 unit apartment building in Jersey City. The loan features a 10 year fixed rate of 4.875% based on a 30 year amortization and an 80% LTV. The borrower had a significant cash out.
Tuesday, November 15, 2011
Tuesday, October 11, 2011
Limited Time Promotion
One of our primary lending sources is offering the following loan program on a limited basis.
- Property Type: Retail, Mixed Use, Office, Warehouse, Multi-Family
- Rates: starting at 4.25% initial 5 yrs. with rate reset
- LTV: Up to 75%
- DSCR: 1.25x
- Recourse: Non-Recourse Available (Multi-Family Only)
We Closed a $5.2 Million Loan and still going strong!
Way to go Bruce Dashevsky on closing a $5,200,000 deal! After negotiating with the Lender, he closed the deal for his client at a favorable interest rate and no prepayment penalty.
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