August 3, 2022
BluePoint arranged the cash-out refinance of two Northern California commercial properties that were a mix of office and industrial uses. The $9,000,000 loan with a 5-year fixed rate at 4.00% (lender provided an extended rate lock period), a 20-year term, 30-year amortization, and a step-down prepayment penalty.
- Property Type: Office Building
- Loan Type: Refinance
- Location: Northern California
- Rate: 4.00% / 5 years Fixed
- Term: 20 Years
- Prepayment Penalty: Step down
- Recourse: Yes
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