The Monet at Victoria Gardens Mall
Advisors:
Jeff Glenn
City: Rancho Cucamonga
State: California
Lender type: Regional Bank
Property type: Retail
Transaction type: Refinance
Loan amount: $7,200,000
TRANSACTION DESCRIPTION
Jeff Glenn, Managing Director with Barry Slatt Mortgage, recently closed a $7,200,000 loan specific to a retail property, located in Rancho Cucamonga, California. The challenge was that the borrower’s had a long-standing relationship with another lender who offered them extremely competitive pricing.
After contacting twelve lenders, the borrower’s elected to move forward with Barry Slatt Mortgage after we were able to offer them the following structure:
- No lender fees
- Rate-lock at application – in order to ensure certainty of execution
- No pre-payment penalty
- Short term financing with rate reset options in three-year increments
