Inner Circle Capital Advisors is pleased to announce the successful closing of a $1,314,000 loan for a multifamily property located in San Bernardino, California.
The financing was structured with a 30-year amortization and a 5+5 year term, providing the borrower with long-term stability while maintaining flexibility for future market conditions. The loan carried a 6.00% interest rate, repricing at each 5-year interval based on the 5-Year CMT + 250 bps spread, ensuring competitive terms both today and in the future.
Key transaction features included a 0.25% fee and a step-down prepayment schedule (5,4,3,2,1), minimizing costs for the borrower while preserving optionality. The property is currently master-leased to a non-profit. The loan was secured without tenant financials or any additional guarantees beyond the lease structure.
This tailored structure allowed the client to secure attractive financing with minimal upfront costs, optimize cash flow through full amortization, and strategically position the asset for continued performance in the growing Inland Empire market.
Capital Advisor: Jaideep Chadha
