San Francisco Peninsula Industrial
Advisors:
David Bruni
City: Burlingame
State: California
Lender type: Bank
Property type: Industrial
Transaction type: Refinance
Loan amount: $5,000,000
TRANSACTION DESCRIPTION
David Bruni, Vice President at Barry Slatt Mortgage, recently funded a $5,000,000 loan collateralized by a single tenant industrial building located in the San Francisco Bay Area. Mr. Bruni negotiated a 4-month rate lock to ensure timelines and expectations were met.
The 10-year fixed-rate loan was placed by competitively marketing the transaction to Barry Slatt Mortgage Company’s correspondent insurance company lenders and banks. Ultimately, a regional bank won the deal with a low interest rate margin and the best terms for the client’s business plan and property specifications.
