Multifamily Apartment Mortgages
February 8th, 2009Apartment Loans / Multifamily Mortgage Loan
Apartment / Multifamily Mortgage Loans
Loan amount ranges from: $1,000,000 – $500,000,000 and higher!
Commercial Capital Partners, finances multifamily unit apartment loans nationwide. Our commercial lending programs are outlined from our Multifamily Finance Group with loan amounts from $1,000,000 to $500,000,000. Apartment loans five units and up, are the number one chosen loan product in the commercial capital lending market.
Multifamily apartment lenders are highly competitive when it comes to your apartment mortgage business and have commercial financing terms at the lowest apartment financing rates and terms. With the wide variety of apartment real estate, we have several investment mortgage loan products to meet your lending needs at or below current market interest rates.
Location: |
Nationwide |
| Type: | We provide financing for acquisitions, refinances, and new construction of Apartment and Multifamily properties. |
| Loan Options: | Fixed and adjustable loans are available. |
| Amortization: | 15, 20, 25, 30, 40 Years |
| Term: | 10, 20, 25, 40 Years |
| Loan-to-Value: | Multifamily and Apartment Financing – 75-90% LTV. |
| Debt Service: | DSCR on apartment loans and Multifamily properties is 1.11-1.20% |
| Collateral: | Apartment investment mortgage loans on real property |
| Property Types: | Multifamily apartment units with 5 – units and up. |
| Loan Types: | Conventional, FHA, Fannie Mae and Freddie Mac |
| Eligible Properties: |
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| Loan programs: |
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| Prepayment: | Pre-payment penalties are common when searching for the best and lowest fixed rate of the market. Loan choices can range from fixed declining with yield maintenance, loan defeasance, declining 5,4,3,2,1, or 3,2,1 options…or no prepay penalty with higher rate and fee options are available. Apartment loans may or may not require recourse or personally guarantees. |
| Personal Guarantee: | Non- Recourse and Recourse options |
| Minimum DCR: | 1.11 based on today’s mortgage interest rates along the requested loan constant |
| Fees: | Loan amounts below $3,000,000., costs will range from $6,000 to $12,000. Loan Amounts over $3,000,000., costs can be $20,000 or more. Borrowers are responsible for all due diligence and closings costs (Appraisal, Environmental, Engineering site inspection, title, etc.) |
| Loan-to-Value: |
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| Rate Lock: | 60-day lock-in is available, advanced deposit is required and credited towards loan closing. |
Types of Apartment Loan programs range from all types of apartment funds including Fannie Mae, Freddie Mac, FHA/HUD, Conduit, private and portfolio commercial loan programs. Apartment Financing permanent and variable interest rate loans with funding terms from 5 to 20 years for stabilized and unstable investment properties. Bridge and construction multifamily loans have short term bridge loans to help in creating real estate cash value in your property.
Loan equity and mezzanine/2nd T.D. loans offer cash equity to help add property value over a shorter length of investment time.
Maximum loan dollars on apartments are generally at 75% to 80% of the as is value with interest rates fixed over the 10 year US Treasury bill rate plus spread depending on the investment grade or quality. Occupancy Levels are looked upon favorably between 80% to 90% unless rehab is requested.
