Producer: Gregory Gray
City: Palo Alto
State: California
Lender type: CMBS
Property type: Office
Transaction type: Refinance
Loan amount: $50,000,000

Senior Vice President, Greg Gray, along with Senior Analyst, Daniel Yeghiazarian, recently completed the refinance of a $50,000,000 bridge loan on an office building in Palo Alto, California with a long-standing Barry Slatt Mortgage client. After completion of leasing out the property, the client wanted to look for a permanent loan option. Gray and Yeghiazaian completed an extensive process to find the right fit for their client’s need. The team ultimately secured the financing through a CMBS correspondent lender who offered a 10-year fixed-rate with full-term interest only. Barry Slatt Mortgage will be servicing the loan as part of their $4 billion servicing portfolio.