Greg Gray and Daniel Yeghiazarian of Slatt Capital recently arranged a cash-out refinance loan of $8,500,000 secured by a grocery-anchored shopping center in Santa Rosa, California.
Slatt Capital was awarded the assignment over its competitors due to certainty of execution, maximum loan dollars, minimal 3rd party reports, no reserves, prepayment flexibility, and ultimately, a strong relationship with the Borrower that has spanned over 15 years and multiple financings. The financing, sourced through one of Slatt Capital's national bank relationships, provided the private investor with a 10-year term and an all-in rate of around 4%. The Lender was able to close the loan per the original loan application despite multiple Tenants being closed at the center due to Covid-19.
