Apartment Loan Programs

Yes, APARTMENT LENDING our business! Whether you are buying or refinancing, we offer the best rates and terms available in today’s market. We beat the BANKS! Contact us today for more information.

Property types:

• Apartment buildings with five or more units
• Mobile home parks with fifteen or more pads
• Limited mixed use properties

Parameters:

• Loans from $500 thousand to $5 million
• Up to 80% LTV for purchases
• Up to 80% LTV for rate and term refinance
• Up to 80% LTV for cash out refinance
• Up to 85% Mezzanine

Rate plans:

• 6 months, 3, 5, 7, 10 and 15 year fixed rates
• After fixed period, loan becomes ARM (no balloon)
• Up to 30 year term, fully amortizing
• 3 and 5 year interest only structures

Geographical area:

• Nationwide

Time frame for closings:

• Thirty (30) days, if borrower submits requisite documents in timely manner

Fees/Costs:

• Fixed processing fee
• Fee includes appraisal and property inspection
• Rate locks, optional (call for more information)