City: Sacramento
State: California
Lender type: Bank
Property type: Office
Transaction type: Refinance
Loan amount: $12,500,000

Barry Slatt Mortgage Company Senior Vice President, Andrew Mekjavich, has arranged a $12,500,000 refinance loan on a large multi-tenant office property in Sacramento. The property is predominantly occupied by state and federal tenants, many of whom have near term early termination clauses in their leases. The loan was arranged at 69% of appraised value with a 30 year amortization and no reserves. The loan went from application to close in less than 40 days. Andrew was supported by Ben Johnson on this closing.