Facing the maturity of an existing bridge loan with expensive extension costs, the borrower needed a short term, flexible, yet fixed cost option. CommCap sourced a 25 year term, 25 year amortization permanent loan with rate resets every 3 years to satisfy the desired short term nature but provide the convenience of simple, free rate resets if plans took longer than expected. The 3.25% fixed rate was icing on the cake.
