$3.7MM Cash-Out Refinance for Student Housing
_____________________________
Recent Transactions

Summary: Borrower sought a non-recourse loan providing maximum cash-out one year after acquiring and renovating the property. BluePoint was able to arrange a loan that becomes non-recourse after 24 months and provides more than a 100% return of all capital invested with a 10 yr fixed rate in the low 4%’s.
Property: Student Housing
Location: Berkeley, CA
Loan Amount: $3,700,000
Recourse: 24 month burn-off
Fixed Period: 10 Years
Term: 15 Years
Amortization: 30 Years