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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 3.69% – 4.47%
7 Years 30  Years 3.72% - 4.47%
10 Years 30  Years 3.92% - 4.64%
12 Years 30  Years 4.08% - 4.80%
15 Years 30  Years 4.30% - 5.02%
35 Years 35   FHA 3.60% plus MIP
Bridge Loans Int Only 6.00%  - 12.00%

 

Commercial Loan Blog

October 14, 2014

In looking at the qualities of a superior apartment loan broker, the following three come to mind:

1. When they give you a letter of interest and you pay your deposit, you have a good degree of comfort that they will be able to complete your loan. No apartment loan broker can guarantee that the loan will close, but a very good multifamily loan broker will have a very high closing percentage of loans.

This quality is number one. Why? Because an inexperienced multifamily loan broker or one that is not so caring about the customer, may end up not being... more

September 30, 2014

This is part 3 of a series in How to Submit Your Loan Information for an Apartment Loan.

We began the series by explaining that when you send your apartment loan information to a lender, you need to send it in the form of a good presentation. The information needs to be presented in such a way that you sell the lender on giving you a loan. Specifically you want the lender to see that the strengths of your property and the strengths of your finances are sufficient for a loan.

In part 1, we discussed the area of submitting good interior and exterior... more

September 19, 2014

Apartment financing is similar but also quite different to taking out a loan on a residential home. Any property with more than five units is considered commercial with its own underwriting and funding criteria. Here is what you need to know before applying for apartment financing.

Since what is known as the great recession of 2008, commercial apartment financing is similar to home loan financing in that the financial strength and credit of the borrower is the most important. Prior to the recession the quality of the property's income and the quality of the... more

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