Commercial Loan News
Anderson Meadows Apartments
STEELHEAD CAPITAL, INC. PROVIDES $3.710 MILLION LOAN FOR ANDERSON MEADOWS APARTMENTS IN ANDERSON, CA
San Francisco, CA - September 30, 2005
Commercial Mortgage Summary:
Steelhead Capital, Inc. closed a $3.710 million loan in Anderson, CA for the Anderson Meadows Apartment property September 30, 2005. The loan has a 5-year term initial fixed rate term, followed by an additional 25 years priced at LIBOR + 250. Steelhead Capital arranged the loan through one of its correspondent lending relationships.
Steelhead Capital, Inc. arranged financing for the Sponsor to replace an existing bank loan on their Class-B apartment complex. The new loan lowered their interest rate while allowing them to cash-out a significant portion of their original equity. Steelhead Capital marketed the financing request to a broad range of lenders, and found very competitive fixed rate financing.
Steelhead Capital is a premier provider of creative commercial loan financing solutions for commercial real estate investors. Steelhead Capital brings an extensive network of lending sources, structured finance experience with a focus on acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's offices are located in San Francisco, CA. Company information can be found at Steelhead Capital Commercial Loans.
Contact Information:
Steelhead Capital, Inc
415-397-2980 (phone)
415-397-2981 (fax)