Most of the lenders we work with are looking for opportunities to expand their apartment building portfolios. Part of the reason for this is many low income apartment buildings offer CRA credit to traditional banks, which helps them meet their requirements with the Federal Government.
Commercial apartment loans can be for new purchase, refinancing, or rehab of multi-family dwellings that are at least five units. Our team works with you to simplify the process of obtaining a loan for apartment buildings.
Current Multifamily/Apartment Loan Rates Updated 07/01/2019 – FHA multifamily has non-recourse, and assumable financing for both purchasing and refinancing of apartment buildings that are already existing for a minimum of 3 years since completion. The maximum loan is 85% LTV for a purchase, 85% for a rate and term refinance, and 80% for a cash out refinance.
GSP recently arranged a $6,500,000 bridge loan on a vacant 30-unit apartment community near the Los Angeles CBD. The Property had structural issues and was red tagged by the City. The owner took the 1913 building down to the studs and completely rebuilt the Property.
Landlord Michael Aryeh has locked down a $22.8 million refinancing from J.P. Morgan Chase. The slender West 117th street properties have just one apartment per floor, while the stouter building on.
Apartment Loans 101 – Duration: 25:57. apartment building investing with michael blank 5,233 views. "As a real estate attorney, I trust that Select Commercial will deliver apartment building loans and commercial mortgages in a timely manner. My clients are always handled in a professional manner, and the rates and terms offered are excellent.
FHA multifamily has non-recourse, and assumable financing for both purchasing and refinancing of apartment buildings that are already existing for a minimum of 3 years since completion. The maximum loan is 85% LTV for a purchase, 85% for a rate and term refinance, and 80% for a cash out refinance.
Arbor Realty Trust funded a $15 million bridge refinance loan in Brooklyn. shopping venues and several subway lines, the building also features an oversized common deck, bike storage, and.
"I was looking to refinance my apartment building loan for the second time. I wasn’t that impressed with the companies I used previously so I looked elsewhere. I found selectcommercial.com and saw that they specialized in Apartment Building Loans. In the end, they were by far the best company I’ve used. Next time I know who to call first."