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
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