$11,232,000 San Jose Multifamily By Alexa Mizrahi January 11, 2019 In RECENT TRANSACTIONS $11,232,000 San Jose Multifamily2019-01-112019-01-11https://www.loneoakfund.com/wp-content/uploads/2018/04/lone-oak-fund-logo.pngLone Oak Fundhttps://www.loneoakfund.com/wp-content/uploads/2019/01/san-jose.png200px200px 2 Loan Amount $11,232,000 Transaction Acquisition Collateral 48-unit Apartment building Location San Jose, California Purpose of Loan Purchase financing for $17,280,000 sale Exit Strategy Refinance or sale Loan Term 6 months Origination Fee 0.50 point Additional Information Lone Oak Fund sourced a 2nd trust deed of $2,590,000 to bring combined leverage up to 80% LTV Additional Terms No prepayment penalty. No yield maintenance. Non-recourse. Recent Posts$7,200,000 – Newport Beach Office Building$21,000,000 – Newly Constructed Apartment Building$11,400,000 – Newly Constructed Apartment Building
Loan Amount $11,232,000 Transaction Acquisition Collateral 48-unit Apartment building Location San Jose, California Purpose of Loan Purchase financing for $17,280,000 sale Exit Strategy Refinance or sale Loan Term 6 months Origination Fee 0.50 point Additional Information Lone Oak Fund sourced a 2nd trust deed of $2,590,000 to bring combined leverage up to 80% LTV Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
