Shoreline arranged a 10-year, fixed rate bank refinance at a fixed, sub-4.50% interest rate. The Borrower purchased the property near the peak of the market and LTV would be a challenge. By bringing multiple, competing offers to the Borrower, Shoreline was able to deliver a bank lender that provided the most funds at the lowest rate, fixed for 10 years.
- Loan Amount: $5,125,000
- Units: 64
- State: CA