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$4,500,000

For Creek Bridge Apartments
in Salinas, CA

Property Type: Multi-Family
Term: 17 Years
Amortization: 17 Years

Transaction Contacts

  • Eric Von Berg
    San Francisco Office
    (415) 956-7600

  • Tom Dao
    San Francisco Office
    (415) 956-7600

  • Michael Heagerty
    San Francisco Office
    (415) 956-7600

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The loan is at a fixed interest rate over its 17-year fully amortizing term. The new loan is unique today in that it allows the borrower to make partial principal repayments (aside from the monthly debt service) periodically with no penalty. At application, the borrower was able to fix the interest rate, six months prior to loan closing.

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