Burlingame, CA (PRWEB) August 08, 2013
Barry Slatt Mortgage President Daniel Friedeberg recently closed a $13.8 million loan on the 24-Hour Fitness located in downtown Walnut Creek, California. The 10-year fixed rate term and 30-year amortization funded this 43,600 sqft high-profile East Bay deal. The loan was used to finance the acquisition for a 1031 tax deferred exchange buyer, and placed with the Royal Bank of Scotland through the organization's CMBS division. Barry Slatt Mortgage was chosen for this assignment because of their strong experience in this sector, and depth of knowledge in placing complex loans of this nature.
About Barry Slatt Mortgage: Barry Slatt Mortgage is a long-standing and respected institution with more than four decades of experience in commercial mortgage banking. Slatt has correspondent relationships with several of the most prestigious lenders in the country, providing custom-tailored solutions for borrowers' needs.