Loans $750,000 to $500,000,000

Affordable Housing

Micro Apartments

June 7, 2019

Micro apartments, small apartment financing

By Terry Painter, Mortgage Banker

Member of the Forbes Real Estate Council

Apartment Loan Rates

Rates as of: 02/24/2020
For loans $1,000,000 and above

Fixed/Amortization	Rate*
5/30 Years	3.17% - 4.65%
7/30 Yrs	2.94% - 4.32%
10/30 Yrs	2.89% – 4.19%
15/30 Yrs	3.61% – 4.41%
30/35 Yrs	4.17% - 4.88%
Brdge/Rhab	5.95% – 9.95%

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The Danger of Recourse Bridge Loans and the Death in Unit 146B

If you are reading this, you are likely already thinking about a non-recourse bridge loan and now wondering what this has to do with a death in unit 146B. This article is about why you really should obtain a non-recourse bridge loan as opposed to a recourse one.

Terry Painter, Founder and President

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