Recently Closed : $18,270,000 Multifamily Loan at 3.55%

June 2, 2022

BluePoint arranged the refinance of a 3 multifamily property portfolio in Northern California. The $18,270,000 was provided the borrower a significant cashout and was funded at 70% LTV. The debt included an interest rate fixed for 5 years at 3.55%, with 3 years of Interest only, and a borrower-friendly step-down prepayment penalty.

• Property Type: Multifamily
• Loan Type: Refinance
• LTV: 70%
• Rate: 3.55% / 5 years Fixed
• Interest Only: 3 years
• Term: 10 Years
• Amortization: 30 Years
• Prepayment Penalty: Step down6-2-2022 BluePoint Finance Report – Matt