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 3.79% – 4.57%
7 Years 30  Years 3.87% - 4.62%
10 Years 30  Years 4.10% - 4.82%
12 Years 30  Years 4.25% - 4.97%
15 Years 30  Years 4.46% - 5.18%
35 Years 35   FHA 3.60% plus MIP
Bridge Loans Int Only 6.00%  - 12.00%

 

Commercial Loan Blog

August 19, 2014

It takes putting the customer in your mind’s eye as the most important part of your business. Yes, the customer comes first when it comes to running a multifamily loan business and commercial loan business.

Our attitude needs to be, “How can it be any other way?” Either you are for the customer or you are not, because if you are compromising your customer service, you are not very much for the customer. At ApartmentLoanStore.com, a division of Business Loan Store, we are very proud of our A+ Better Business Bureau rating.

One thing we do to show great... more

August 13, 2014

One of the questions you will be asked in inquiring about getting an apartment loan is how much experience you have in apartment complex ownership. For many types of situations involving multifamily loans, you are required to have experience in multifamily ownership. In some multifamily loan situations you are not required to have experience in multifamily ownership.

First, it’s important to know what the definition of “experience” is in multifamily property ownership. The definition is that you currently own one or more multifamily properties of 5 or more... more

August 6, 2014

Construction loan rates for commercial properties are usually tied into either prime rate or the thirty day libor rate. If you can find a construction loan program that is based on the libor index, your rate will more likely be lower. These construction loans almost always have interest only payments and terms of 12 to 24 months.

As of this article August 6, 2014, a prime rate based commercial construction loan for financially strong borrowers will average between prime rate 3.25% plus 1.00% and prime rate plus 2.00%. So the prime rate construction loan will be... more

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