Crystal Springs Village
Advisors:
Daniel Friedeberg,
Daniel Yeghiazarian
City: San Mateo
State: California
Lender type: Insurance Company
Property type: Retail
Transaction type: Refinance
Loan amount: $18,750,000
TRANSACTION DESCRIPTION
Slatt Capital CEO, Daniel Friedeberg, along with Commercial Mortgage Banker, Daniel Yeghiazarian, recently closed an $18,750,000 permanent loan on a Safeway and CVS anchored shopping center in San Mateo, California.
The 10-year fixed-rate loan was placed with an aggressive interest rate through one of Slatt Capital’s exclusive correspondent insurance company lenders. It will be serviced by Slatt Capital as part of its $4.3 billion servicing portfolio. The Slatt Capital team was chosen for this assignment because of their long-term relationship with the borrower as well as their depth of knowledge in financing comparable properties throughout the region.
