Hotel
| Location: | North Carolina |
|---|---|
| Amount: | $3,700,000 |
| Property Type: | Hotel |
| Loan Term: | 10 year term |
|
Caffrey & Company LLC has placed a $3.7 million loan with a 10-year fixed rate term and 20-year amortization (a longer amortization was available; the borrower preferred a shorter amortization). This 75% loan to value was priced at 1.35% over the yield of the 10-year US Treasury. This newer property in North Carolina had not yet reached stabilized occupancy. |
Current Rates (09/03/2010)
- Apartments 4.55%
- Mobile Home Park 4.75%
- Anchored Retail 5.65%
- Non-Anchored Center 5.85%
- Single Tenant Retail 5.80%
- Office 5.85%
- Industrial / Flex 5.92%
- Self-Storage 6.15%
- Medical Office 5.15%
- Hotel 6.65%
- Owner Occupied 4.65%
- Land 8.65%
- Other 6.40%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.