City: San Mateo
State: California
Lender type: CMBS
Property type: Office
Transaction type: Refinance
Loan amount: $75,000,000

Barry Slatt Mortgage CEO, Daniel Friedeberg, along with Vice President Kelvin Lam, and Jason Wang recently closed a $75,000,000 permanent loan on a Class A office building, owned by Romel Enterprises, LLC of San Mateo, California. The property, 400 S. El Camino Real, is a one of a kind, newly renovated, 14-story, 145,795 square foot multi-tenant office building in downtown San Mateo, California.

The Barry Slatt Mortgage team was hired because of their in-depth knowledge of the real estate, and deep lender relationships. They were hired to bid out the loan for the best terms available in the marketplace. The loan was placed with a CMBS lender with an aggressive 10 year fixed rate.