Barry Slatt Mortgage CEO, Daniel Friedeberg, along with Vice President Kelvin Lam, and Jason Wang recently closed a $75,000,000 permanent loan on a Class A office building, owned by Romel Enterprises, LLC of San Mateo, California. The property, located at 400 S. El Camino Real, is a one of a kind, newly renovated, 14-story, 145,795 square foot multi-tenant office building in downtown San Mateo, California.
The Barry Slatt Mortgage team was hired because of their in-depth knowledge of the real estate market and the deep lender relationships throughout the industry. They were hired to bid out the loan for the best terms available in the marketplace. The loan was placed with a CMBS lender with at a competitive 10-year fixed rate.