Knightsbridge Realty Arranged $8,060,000 Bridge LoanJune 24, 2023
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).