Columbus, Ohio-based Red Mortgage Capital recently processed and funded a $29.5 million loan for an apartment community in San Francisco’s Bayview District near Candlestick Point.
Red Mortgage Capital underwrote the $29.5 million Fannie Mae MBS/DUS Structured Adjustable Rate Mortgage loan for Ashton San Francisco with a 10-year term and 30-year amortization. The first 24 months are interest only and the variable rate is tied to 1-Month Libor.
