$4,200,000 San Jose Apartment


Loan Amount $4,200,000
Transaction Refinance
Collateral 19-unit apartment building
Location San Jose, California
Purpose of Loan Partner buy out and seasoning of rents
Exit Strategy Refinance with permanent financing or sale of property
Loan Term 12 months
Interest Rate 7.90% interest only
Origination Fee 1.0 point
Additional Terms No prepayment penalty. No yield maintenance. Non-recourse.
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