APARTMENT LOAN PROGRAMS
Apartment Loans are available
on fixed and variable rate financing on 5 or more units from lenders.
-
Purchase loans up to 80%* of sales price
or appraised value
-
Refinance maximums are 75% LTV.
-
ARM's are based on the
LIBOR or MTA index.
-
All
loans are amortized (payment calculated) over 25 to 30 years.
-
Recourse
-
Non-Recourse
Loans (Fannie Mae) available on $1Mil +.
As
of 3/2/2007
|
3 yr ARM
|
5 yr ARM
|
7 yr ARM
|
10 yr Fixed |
15 yr Fixed
|
|
6.30%
|
6.35-6.65%
|
6.30- 6.60%
|
6.31% |
6.31%
|
Rates
shown above are for $400,000 to $2,000,000 ( Rates for $2 mil+ are better )
The following is a list of items required for your loan request to be
processed and underwritten:
- Current Rent Roll
- Income & Expense Statements (2 yrs.)
- Schedule of Real Estate Owned
- Loan Application
- Color Photos of building (interior & exterior)
- Personal Financial Statement
- Copy of Sales Contract (if purchasing)
Please completely
fill out the
application
so we can better serve your investment property options.
Minimum loan amount
of $500,000.
*
Special for CA Apartment Properties: Loans > $750,000 only ".25
points" and > $1.5mil - 0 points
*
(90% financing with 10% seller carry up to $1.5mil).
Find a Commercial
Mortgage
or
Need
Financing for 2 to 4 Units
100%
financing on Medical Center or Healthcare Medical Facilities