Knightsbridge arranged a permanent loan with an attractive fixed rate and excellent prepayment flexibility

• One two-story medical office building
• 20,000 SF
• La Habra, California
• 10-year term; fixed for 5 years with a rate reset for second 5 years.
• Low spread over 5-year Treasuries (sub-200 bps).
• Lender allowed rate lock to expire with no loss of deposit to take advantage of lower rates in return for deposit relationship.
• Very flexible prepay (3-2-1-0-0).