Financing for an Apartment Building
- Buildings with 5 or more residential units for rent
- Purchase loans up to 80%* of sales price or appraised value
- Refinance maximums are 75% LTV. (80% under $2 million)
- Loan Amounts from $250,000 up to $20,000,000
- ARM's are based on the LIBOR or MTA index.
- All loan payments are amortized over 25 to 30 years.
- Non-Recourse Loans (Fannie Mae) available on $1M.
- *** Stated income & Bank statement loans for multifamily property
- Small Balance Apartment Loans
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 $250,000.