Commercial Loan News
Mission View Apartments
STEELHEAD CAPITAL, INC. PROVIDES $4.510 MILLION LOAN FOR MISSION VIEW APARTMENTS IN SAN MARCOS, CA
San Francisco, CA - October 12, 2005
Commercial Mortgage Summary:
Steelhead Capital, Inc. closed a $4.510 million loan in San Marcos, CA for the Mission View Apartment property October 12, 2005. The loan has a 15-year fixed rate at 5.60% for the first 5 years and converting an ARM thereafter. Steelhead Capital arranged the loan through one of its correspondent lending relationships.
Steelhead Capital, Inc. arranged financing for the Sponsor to refinance and cash-out a significant portion of their original equity from this 54-unit garden style apartment complex. Steelhead Capital marketed the financing request to a broad range of lenders, and found very competitive fixed rate financing. This transaction closed in 34 business days.
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)