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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 3.80% – 4.58%
7 Years 30  Years 3.86% - 4.61%
10 Years 30  Years 4.11% - 4.83%
12 Years 30  Years 4.30% - 5.02%
15 Years 30  Years 4.57% - 5.29%
35 Years 35   FHA 3.55% plus MIP
Bridge Loans Int Only 6.00%  - 12.00%

 

Commercial Loan Blog

July 15, 2014

This applies strongly to the experienced apartment complex investor as well as the inexperienced apartment complex investor.

You may ask why this applies strongly to the experienced apartment complex investor.

The answer is simple and is best presented in the story of what many commercial lenders experience: The experienced investor applies for a commercial mortgage and is declined because of not having enough cash to do the loan.

This experienced apartment complex investor, owning quite a few apartment complexes, has spread himself too thin... more

July 8, 2014

The answer is that it depends.

There are two factors in answering this question correctly:

Factor One – The banker decides if you have enough experience to get an apartment loan.

Factor Two – You decide.

Here’s an example of where factor two comes into play: Let’s say that you have no experience in ownership of multifamily properties, yet you have great wealth. The bank decides there is very little risk in lending the money to you because of your wealth. You end up purchasing a 10 unit apartment building.

But, because of your lack of... more

June 25, 2014

The answer is that it depends. We find that a good number of people have great difficulties in getting apartment loans in other states – that is because so many apartment investors don’t qualify for a multifamily loan in another state. On the other hand there are individuals who do qualify and can get an apartment loan in another state.

The key word is experience. Furthermore, it’s having experience in the area of that state outside of where you live – that you own a number of successfully run multifamily properties in that area. Thus a commercial loan... more

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