Non-Recourse Financing Available

APARTMENT LOAN STORE is a highly skilled commercial mortgage banking firm, closing your loan as proposed with the lowest rates available in America since 1997.

Apartment Loan Rates
$500,000 to $100M, 5 Units +

Fixed Period Amortization Rate
5 Years 30  Years 3.96% – 4.74%
7 Years 30  Years 4.17% - 5.02%
10 Years 30  Years 4.60% - 5.32%
12 Years 30  Years 4.75% - 5.47%
15 Years 30  Years 5.02% - 5.74%
35 Years 35   FHA 3.85% plus MIP
Bridge Loans Int Only 6.00%  - 12.00%

 

Commercial Loan Blog

April 18, 2014

If you are going to keep your apartment building for a long time and are looking for a long term fixed rate mortgage, we will have you look at a Fannie Mae, Freddie Mac, HUD/FHA, Insurance Life Companies, and Commercial Mortgage Backed Security (CMBS) loans. These rates can be fixed from 10 to 35 years and have terms (loan matures) of the same duration. A HUD loan has a 35 year fixed rate that is lower than most commercial banks’ five year fixed rates and yes, it is fully amortizing (has a 35 year amortization). If you are planning on keeping your property for life... more

April 17, 2014

How important is customer service and apartment loans? Customer service is the heart of everything to do with multifamily financing as well as any type of commercial loan.

In your selection of a loan company, you need to check to make sure that the multifamily lender is exemplary in their customer service. Why is this? Because, for example: if a multifamily lender delays returning your calls for many days, you could lose the opportunity to purchase the property.

Or what if a loan source delays loan processing for weeks and interest rates rise... more

April 16, 2014

Commercial hard money lenders make loans to borrowers who have poor credit, have insufficient personal income, or are in need of loans on commercial properties that are not stabilized or are in need of rehabilitation. These lenders are also called commercial bridge loan lenders and also make loans to strong investors who have good credit and are looking to purchase a value added commercial property. A value added property is one that is usually in a decent neighborhood, but has not been managed well. Usually these properties are purchased from a bank that has... more

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