Xila Financial Provides $2.1M Loan For Mixed-Use Property In San Jose

A mixed-use property located at 1433 The Alameda in San Jose has been involved in a recent closed transaction. The property is situated in the market of San Jose and offers a versatile space for both residential and commercial purposes. The transaction involved various parties, including a lender, Xila Financial, a landlord, Baku AS, and a broker, Rashad Mammadov.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,128,000
• Loan Terms: 25-years, 30-Day close, 12% down payment, no payments for 6 months
• Lender: Xila Financial
• Landlord: Baku AS
• Broker: Rashad Mammadov

Xila Financial, a diverse financial services company, provided the loan for the transaction. The terms of the loan included a 25-year repayment period and a 30-day closing period. The buyer was required to make a down payment of 12% of the transaction amount. Additionally, the buyer was not obligated to make any payments for the first 6 months after closing. Rashad Mammadov, representing the buyer, played a crucial role as the broker in facilitating the deal.

It is important to note that Xila Financial is a reputable financial institution that is capable of meeting various financial needs.