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Multi-Family Apartments
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Contact Us
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For the Best in Apartment Financing
* Rates subject to change and can vary depending upon loan size, property quality, loan to value and debt service coverage. Quoted at 80%LTV. Lower LTVs get reduced rates. Loans below $2mm have slightly higher rates.
Geographic Coverage: Nationwide- All States Loan Size: $750,000 and up Loan Types: Fixed Rates Only Terms: 5-30 years Loan to Value (LTV): 80% & CLTV to 85% Loan Amortization: 30 years with options of interest only payments up to 10 years Liability: Non-recourse to borrower Prepayment: Yield maintenance or options of declining balance Closing Process: Typically 45 to 60 days from receipt of a complete application Assumability & Early Rate Lock: Yes
Items Needed for Specific Loan Quote: 1. Last two year & year to date property operating statements 2. Current rent roll 3. Exterior photos of the property, "if possible " 4. Approx. sq. footage per unit type. ie. Number of one bedroom units and approx. square footage of each. Same for other unit types. 5. Last 6 months gross monthly revenues by the month. For loans over $2mm we like to see a 12 month trailing profit and loss statement.
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