Featured Deal
DOMINION
successfully closed a refinance of a rural hotel property,
convenience store, and gas station to retire a loan in
default with the existing lender. The loan was for
$1,330,000 and floated above Prime Rate with interest only
payments. Upon
stabilization of the property’s income, DOMINION intends
to convert this interim loan into a long term fixed rate
loan. |
|
|
| Key Rate
Indices |
|
Prime Rate:
5.750
LIBOR (6 Month):
3.310
LIBOR (1 Year):
3.690
COFI:
2.183
CMT (5 Year):
4.180
5 Year Treasury:
3.320
10 Year Treasury:
4.620 |
|
Dominion Mortgage Corporation was
established in 1977 and is a nationwide provider of real
estate loans starting at $1,000,000. Dominion is known for
financing properties that other lenders shy away from, such as
single tenant or owner occupied properties, specialty
healthcare properties and other unique
transactions. |
|
