Apartment Lending

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!

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)