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.