City: San Jose
State: California
Lender type: Life Insurance Company
Property type: Retail
Transaction type: Refinance
Loan amount: $11,800,000

Barry Slatt Mortgage CEO, Daniel Friedeberg along with Vice President Kelvin Lam and analyst Jason Wang recently closed an $11,800,000 permanent loan on a Smart & Final grocery store in San Jose, California. This loan was used to retire a construction loan that the Barry Slatt Mortgage team placed a year ago.

The loan had an aggressive 10-year fixed-rate loan with a 30-year amortization. It was placed with one of Barry Slatt Mortgage Company’s correspondent life company lenders. Friedeberg and his team were chosen because of their long-term relationship with the borrower as well as expertise in retail financing and knowledge of the local marketplace. Barry Slatt Mortgage will be servicing the loan as part of their $4+ billion servicing portfolio.