Mason-McDuffie Financial Corporation

Recent Transactions

Our recent transactions represent many types of commercial real estate financings. From institutional long-term financing to construction, bridge or mini-perm loan structures, Mason-McDuffie Financial Corporation / INTERVEST has the ability to provide quality loan terms at competitive rates. We invite you to tour our list of recent transactions, and encourage you to CONTACT US on your next real estate finance.

RECENT COMMERCIAL REAL ESTATE FINANCING
		Los Banos Plaza – Los Banos, CA $8,725,000 Construction of 38,000 square feet of retail space. The largest tenant is a 22,000 square foot Tractor Supply Company. Los Banos Plaza also includes a new Longs Drugstore, a new Jack in the Box, and a new El Pollo Loco restaurant. The project is well-located at the intersection of Ortigalita Road and Highway 152.

		5452 Betsy Ross – Santa Clara, CA $2,800,000 This loan was made by one of our life company correspondents to refinance a maturing conduit loan that could not be refinanced with the existing lender. The existing loan had a one day window (loan maturity date) where it could be paid off at par. With the cooperation of our correspondent we were able to fund on that deadline. To take advantage of lower short term rates the fixed rate will adjust each 5 years over the 15 year term.

		Meridian Apartments – Ceres, CA $3,000,000 The Meridian Apartments, constructed in 2007/2008, is a townhouse-style, multi-family development containing 28 rental units, abundant landscaping and generous living spaces. The project was financed by Sterling Savings Bank, our parent company.

		Jefson Building – Watsonville, CA $1,400,000 This transaction provided long-term financing for a seasoned mixed-use property. The loan was provided by a large commercial bank. The property had secondary financing provided by the local municipality.

		Sobrato Land Holdings – San Jose, CA $15,000,000 A low 50% loan to value transaction for the Sobrato Family. The two building complex was built in 1990. The lender was a correspondent life company.

		Spreckles Industrial Center – Manteca, CA $5,500,000 A low LTV refinance taking advantage of low interest rates. We placed this financing with one of our life insurance companies on an "interest only" basis. The interest rate was locked at loan application.

		Northpointe Business Center – San Jose, CA $9,830,000 One three-story building with 86,547 square feet. Financing was provided by one of our correspondent life companies with a self-amortizing 15-year term.

		Canal Farms Shopping Center - Los Banos, CA $11,000,000 This acquisition loan was structured without a financing contingency and with tight timing deadlines to satisfy the seller.

		Rheem Valley Shopping Center - Moraga, CA $4,500,000 Proceeds of this loan were used to pay off a short term, variable rate bridge loan that was used to acquire the property several months earlier. The lender was one of our correspondent life companies.

		Park Centre Plaza - Walnut Creek, CA $11,000,000 Proceeds of this loan were used to pay off a short term acquisition loan arranged by the buyer. A shorter five-year term loan was requested to provide the buyer with time to reposition the property for medical office uses. The loan was provided by one of our life company correspondents.

		2001 Center Office Building - Berkeley, CA $5,400,000 Refinance of 29,600 square foot office building to finance a partial acquisition by an additional owner. This loan was provided by one of our life company correspondents.

		Alhambra Plaza - Martinez, CA $1,500,000 One story building with 15,000 square feet. Financing was provided by one of our correspondent life companies with a self-amortizing 15-year term.

		Jo-Ann Fabric and Crafts - Colma, CA $1,500,000 Financing was provided by one of our correspondent life companies with a self-amortizing 15-year term.

		455 Capital Mall - Sacramento, CA $2,000,000 134,670 square foot office building with a rapid self-amortizing loan that was financed by one of our correspondent life companies

		AT&T Distribution Center - San Jose, CA $3,700,000 170,000 square feet distribution center that was financed by one of our life company correspondents.

		Belvedere Tennis Club - Tiburon, CA $2,500,000 A prestigious country club located on the water with seven tennis courts, a clubhouse and pool on four acres of land.

		El Camino Health Building - Mountain View, CA $2,400,000 Refinance of two multitenant medical office buildings totaling 17,800 square feet. This low LTV refinance was financed through one of our correspondent life companies at a great rate.

		Lawler Professional Building - Roseville, CA $1,700,000 Refinance of a multi-tenant 21,000 SF suburban office building.This project was financed with a correspondent life company at a very competitive rate and terms.The loan was a very low LTV and some funds for capital improvements were provided by the life company.

		SpringHill Suites by Marriott - Napa, CA $17,600,000 The project is currently under construction and expected to be open for business in early 2009.