Apartment Loan, Apartment Financing, Investment Property Loans
We provide apartment loans on transactions from $400,000 - $20,000,000 + in all 50 states. Most loans are for conventional or government sponsored (such as Fannie Mae or Freddie Mac) purchase or refinances. We also work on apartment bridge loans as well, under the right set of circumstances for the borrower.
Currently, with the issues on the commercial secondary market, the government sponsored programs are one of the more reliable sources of capital for apartment loans. We are experts with both Fannie Mae and Freddie Mac programs. Despite the additional layer of underwriting that sometimes comes with government support, the programs are strong, with high levels of leverage, low long term fixed rates (like 30 to 35 year fixed rates).
Conventional financing on apartment loans is still an important option, and on smaller transaction (from $400,000 - $2,000,000) this might be the best area for you to consider. And you may discover that your situation does not fit the strict (and some time quirky) guidelines of the government programs - so you may have no choice other than to find a conventional apertment loan. Borrowers can expect less bureaucracy with underwriting, shorter closing times and lower fees with conventional financing.
Borrowers however, should be aware that underwriting standards on conventional financing on apartments have tightened. Loan to value, debt coverage ratios, credit scores, town population, state the property is located in and the borrowers overall global cash flow will be scrutinized more than you maybe use to. Click here to learn more about current apartment loan underwriting.
We encourage you to take a few moments to fill out our pre approval form now, so that we can talk intelligently to you about your loan request. The more information you're willing to provide, the better answer we'll be able to give you. Besides apartment financing, we also provide general commercial real estate loans and sba business loan.
Investment Property Loans
In this section we discuss current finance issues on investment property loans, in general. Special attention is spent on the current issues with the credit crisis and what you need to know to prepare yourself for the current realities. For example, we talk, in depth about understanding value from the lenders perspective (and why this is having a huge impact on lending today), why so many banks have completely stopped accepting new loan applications, pros and cons of FHA financing, etc.
Contact us today regarding your apartment or investment property loan, by filling out our pre approval form. We normally will get back to you with answers within a few hours.
You need to work with us because we know who the most reliable sources of capital are today. We continue to close loans and provide excellent service for our clients. Get started now by filling out our Pre Approval form.
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