Barry Slatt Mortgage Principal, Kenneth M. Fox, CCIM, recently successfully closed on an $11,350,000 loan refinance secured by a 2-story, ±49,450 square foot well located fully leased multi-tenant office building located in Corte Madera, Marin County, California. The 10 year fully leveraged loan is amortized over 30 years with an initial fixed rate for 5 years, includes flexible step-down prepayment and is non-recourse. Kenneth was able to assist in refinancing the loan with a competitive interest rate through a long-term bank relationship.
|PROPERTY||LENDER TYPE||TRANSACTION TYPE||LOAN AMOUNT||PRODUCER|
|Walgreen's Stores||2 CMBS / 1 Bank||Purchase||$14,700,000||Michael Kaplan|