Regional Bank From 3.25% Fixed for Northern California Properties
February 16, 20121 – 25 – 12
Regional Bank From 3.25% Fixed for Northern California Properties. GSP identified a Northern California Regional Bank currently funding high-grade multifamily and stabilized commercial properties. Loan amounts range from $1,000,000 to $12,000,000, and pricing starts at 3.25% fixed for three years. Five-year fixed coupons range from 4.75%-5.25%. Construction and bridge/reposition financing is also available for traditional and special-use assets including elderly care and RV dealerships. Geographic markets start at the Oregon border south to Fresno, inclusive of Reno and northern Nevada, with a strong presence in rural communities.
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