Multifamily For Sale

If you are currently looking for multifamily properties for sale we would like to talk with you regarding financing.  We do multifamily loans from $400,000 - $20,000,000 or more. 

All in all, multifamily purchases are still getting done.  This area of the commercial mortgage business remains one of the most viable.  You can still expect 80% financing on purchases, 75% loan to value on cash out refinances, and low, long term fixed rates.  For example, we still have 30 year fixed rates on apartments loans, and even 35 year fixed on transactions over $3,000,000.   

All of this may sound standard to you, if you are not in the business, or haven't looked at multifamily financing in a while, but compared to most other sectors of the commercial mortgage business these are excellent terms.  Most other areas are now as 60% financing, and 5 year fixed rates (excluding SBA loans). 

Multifamily For Sale 

We are currently seeing some of the best values on apartment buildings for sale in decades.  Cap rates have moved up nationally and even in desirable major metropolitan markets.  As the economy sputters, many owners are being forced to sell performing assets at a discount.  We are also seeing many major instituitional players"swooping in" acquiring these discounted commercial assets.    

Take a few moments now to fill out our pre approval form so that we can be prepared when we call to discuss your specific situation.