DOMINION just completed the funding of a loan for $9,562,000 on a portfolio of two nursing facilities in Northern California.  The owner leased the facilities to an operator for a term that expired 2 years prior to the maturity of our loan.  The loan was written for 7 years, fixed at 6.99% with a 30 year amortization, and with a generous prepayment penalty declining each year starting at 2% in year one.  Our borrowers don’t like defeasance.

 

This is just one example of the creative financing structures DOMINION offers.  Whether your next loan is on special purpose properties, mixed use, healthcare, hospitality, or the more typical property types like office, retail, or industrial, your next call should be to DOMINION.