Commercial Loan News
The Orleans Apartments
STEELHEAD CAPITAL, INC. PROVIDES $1.260 MILLION LOAN FOR THE ORLEANS APARTMENTS IN PALM SPRINGS , CA
San Francisco, CA - October 20, 2005
Commercial Mortgage Summary:
San Francisco, CA - Steelhead Capital, Inc. closed a $1.260 million loan in Palm Springs, CA for the Orleans Apartment property October 20, 2005. The loan has a 15-year fixed rate at 5.74% 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 31 unit garden style apartment complex. 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)