March 16, 2022
BluePoint arranged a cash-out refinance loan on a 9 unit multi-family property in San Francisco. The $4.1MM partial-recourse loan is fixed for 10-years at 3.15%, 35-year amortization, 12-months interest-only, and a Borrower-friendly step-down prepayment penalty. The cash-out proceeds include a holdback for unit renovations at 100% of our Client’s budgeted cost. This property was rate locked in December.
- Property Type: Multi-Family
- Location: San Francisco
- LTV: +65%
- Rate: 3.15% / 10 years Fixed
- Term: 15 Years
- Interest Only: 12 Months
- Amortization: 35 Years
- Prepayment Penalty: 4-Year Step down
- Recourse: Partial Recourse
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