Mixed-Use Storage Center
Advisors:
Richard Davidson
City: Mid-Peninsula
State: California
Lender type: CMBS
Property type: Mixed-Use
Transaction type: Permanent Loan
Loan amount: $15,250,000
TRANSACTION DESCRIPTION
Richard Davidson, commercial mortgage banker with Barry Slatt Mortgage Company recently funded a $15,250,000 loan on a mixed-use storage facility with office on the mid-peninsula of San Francisco.
The loan was placed with one of our correspondent CMBS lenders that was chosen because of its structured underwriting as well as their reputation for having a smooth and reliable closing process. The lender offered a 10-year interest only, non-recourse fixed rate. The loan closed in 21 business days from the start of the loan application.
