De Anza Shopping Center
Advisors:
City: Cupertino
State: California
Lender type: Life Insurance Company
Property type: Retail
Transaction type: Refinance
Loan amount: $11,000,000
TRANSACTION DESCRIPTION
Barry Slatt Mortgage Senior Vice President, John Souza, and Commercial Mortgage Banker, Andrew MacLeod, recently financed an $11,000,000 loan on the De Anza / 85 Shopping Center in Cupertino, California. John and Andrew were able to secure non-recourse financing with a 20-year fixed rate loan through a correspondent insurance lender of Barry Slatt Mortgage. Due to heavy legal negotiations, funding was delayed several months however the lender was able to hold the original interest rate that was locked at application in 2016. Barry Slatt Mortgage will be servicing this loan as part of its $3.7 Billion portfolio.