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Home > Apartment Loan Financing
Apartment Loan, Apartment Financing
We provide apartment loans on transactions from $400,000 - $20,000,000 + in all 50 states. Most loans are for conventional or government sponsored programs, such as Fannie Mae, HUD or Freddie Mac loans. We also close apartment bridge loans for borrowers as well.
Currently, with the issues on the commercial secondary market, the government sponsored programs are one of the more reliable sources of capital for apartment loans. We are experts with both Fannie Mae and Freddie Mac programs. Despite the additional layers of underwriting that comes with government supported loans, the programs are strong, with high levels of leverage, and low long term fixed rates (like 30 to 35 year fixed rates).
Apartment Loans
Conventional financing on apartment loans is still an option, and on smaller transaction ($400,000 - $2,000,000) this is often the best area for borrowers to consider. And you may discover that your situation does not fit the strict (and some time quirky) guidelines of the government programs - so you may have no choice other than to find a conventional apartment loan. Borrowers can expect less bureaucracy with underwriting, shorter closing times and lower fees with conventional financing, when compared to government programs.
Borrowers however, should be aware that underwriting standards on conventional financing on apartments have tightened. Loan to value, debt coverage ratios, credit scores, town population, state the property is located in and the borrowers overall global cash flow will be scrutinized more than you maybe use to.
We encourage you to take a few moments to fill out our pre approval form now, so that we can talk intelligently to you about your loan request. The more information you're willing to provide, the better answer we'll be able to give you. If you'd like to learn more about our general commercial mortgages, click here.
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