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

For Sale October 13, 2020!

Written by the founder of Apartment Loan Store

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Don't Make this #1 Mistake when Investing in Commercial Real Estate

For a free sample of my book click HERE. To order my book now click HERE.

Written by the founder of Apartment Loan Store

How to Value an Apartment Building

Try one or all 4 of these ways to value an apartment building in 15 minutes:

Average Price per Door
Use a Gross Rent Multiplier
Cap Rate Quick Valuation Method
Average the Value of all 3 above

Apartment Loan Rates

Rates as of: 05/06/2021 For loans $1,000,000 and above

Fixed/Amortization	Rate*
35 Yrs	2.46% - 3.52%
10/30 Yrs	3.17% - 4.19%
7/30 Yrs	3.27% - 4.30%
10/30 Int. Only	3.29% - 4.41%
15/30 Yrs	3.29% - 4.45%
30/35 Yrs	3.39% - 4.38%
Brdge/Rhab	4.97% - 9.00%

Terry Painter, Founder and President

Apartment loan expert - Terry Painter

503-376-7303

How to Finance an Apartment Building

In Short, it takes these 5 components to finance an Apartment Building:

1. A Great Property – that has 2 or more of these upsides: a good location, under market rents, already cash flows the loan, or rents can be increased with inexpensive value adds.

The Coronavirus Impact on Commercial Loan Rates and Guidelines

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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.

Dr. Cornell, Tulsa, OK

"You and your staff have moved heaven and earth to make the loan happen, and we have been very grateful for your expertise, professional demeanor, humor and support"

~ on his third loan with us

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