Multifamily Mortgage Bankers and Brokers since 1997

Get Your Free Multifamily Loan Quote

Commercial Loan Blog

April 29, 2014

Hard money lenders make temporary loans, or bridge loans, with high interest rates and loan origination points. Most hard money lenders charge interest rates averaging 10.00% to 14.00%. Points can average between 3.00% and 10.00%. At Apartment Loan Store, we offer hard money bridge loans starting at 6.00%.

So why would someone want to use a hard money lender? Here are seven reasons why:

  • Borrower Needs to Close Quickly – Hard money lenders can close in as little as a week, and average 14 to 30 days. Sometimes an appraisal is not needed if the lender... Read More
  • April 22, 2014

    In last week’s post, “Customer Service for Apartment Loans,” we covered examples of poor customer service when it comes to multifamily financing, which also applies to any type of commercial loan. This week, we give you 10 examples of excellent customer service from multifamily lenders – the types of things you should look for in getting your multifamily loan.

    10 Examples of Excellent Customer Service from Multifamily Lenders:

  • Your multifamily lender returns calls promptly—within an hour to a few hours is very good. Weekends would be an exception. Most... Read More
  • 7 Key Components Needed for a Commercial Construction Loan to Work


    1. An Experienced Development Team – When I first started lending on commercial construction projects over 20 years ago, it was so much easier to get a commercial construction loan. These loans were made primarily to the quality of the project and the development team – we are talking about the developer, architect, general contractor and property manager’s experience. This gave the lender a cozy feeling that the construction would be completed on time and at budget. Today the lender will... Read More

    April 18, 2014

    If you plan to keep your apartment building for a long time, and are looking for a long-term fixed-rate mortgage, we will direct you to Fannie Mae, Freddie Mac, HUD/FHA, Insurance Life Companies, and Commercial Mortgage Backed Security (CMBS) loans. These rates can be fixed from 10 to 35 years and have terms (loan matures) of the same duration. A HUD loan has a 35-year fixed rate lower than most commercial banks’ five-year fixed rates—and yes, it is fully amortizing (has a 35-year amortization). If you plan to keep your property for life and pass it on to your kids,... Read More

    April 17, 2014

    How important is customer service for apartment loans? Customer service is the heart of everything to do with multifamily financing, as well as any other type of commercial loan.

    In selecting a loan company, you need to make sure that the multifamily lender is exemplary in customer service. Why? Because, for example, if a multifamily lender delays returning your calls for many days, you could lose the opportunity to purchase the property. Or what if a loan source delays loan processing for weeks, and interest rates rise substantially? This could make a... Read More

    April 16, 2014

    Commercial hard money lenders make loans to borrowers who have poor credit, insufficient personal income, or are in need of loans on commercial properties that are not stabilized or need rehabilitation. These lenders are also called commercial bridge loan lenders, and also make loans to strong investors who have good credit and are looking to purchase a value-added commercial property. A value-added property is one that is usually in a decent neighborhood but has not been managed well. Usually these properties are purchased from a bank that has foreclosed on them. The... Read More

    April 9, 2014

    Apartment financing options for multifamily properties of five units or more are available in America today in six categories. At Apartment Loan Store, we've specialized in all of these apartment financing options since 1997:

  • Agency Loans
  • Fannie Mae – Minimum Loan for most lenders is $1,000,000. However, Fannie Mae will go down to $300,000. (But it is very challenging to find a FNMA lender willing to do a loan under $500,000.) These loans can be fixed from 5 years to 30 years (the longer you fix the rate, the higher the rate), have... Read More

    April 8, 2014

    In an article posted last week, "Due Diligence for Apartment Financing—A Lifeline for Success in Owning Your Apartment Complex," we covered how vitally important it is to do due diligence in acquiring a multifamily loan. We also mentioned how important due diligence is in all steps of acquiring and owning an apartment complex.  

    You would be surprised to know how many loan inquiries we get from people who know next to nothing about multifamily properties. They have no idea what it takes to select, finance, and run an apartment complex. Their attitude is that... Read More


    Apartment Loan Store has specialized in bad/poor credit apartment/multifamily loans since 1997 for investors with less than good credit. With three programs to choose from (see below) our poor credit apartment loan specialists will find the poor credit apartment financing that is right for you. To start improving your credit score yourself you can get some great credit repair advice from the Federal Trade Commission. Go to:

    It also makes sense for you to pull your own credit report for free and see... Read More

    April 6, 2014

    The Quality of the Cash Flow:

  • Make sure that the net operating income of the property or business will meet the lender's minimum debt coverage ratio (DCR). Most commercial lenders require a 1.25 to 1.35 DCR. Find out ahead of time what is required.
  • Commercial lenders like it when the business or investment property has 2 years or more of stable income. If there is only 1 year or less of stability, don’t wait for the lender to discover this, point a finger at it yourself and tell the lender how you will be improving this – like with new long-... Read More
  • April 5, 2014

    Since the recession in 2008, it has been much more challenging to obtain a commercial loan. By late 2008, occupancy levels on multi-tenant real estate properties like office buildings and shopping centers started to drop dramatically in the United States. Lenders didn’t seem to know where the bottom would be on falling real estate prices and lower occupancies on commercial properties. Federal regulators went through the loan files with a fine-toothed comb, looking for any signs of insolvency on behalf of the borrowers, the business, or the property. Underwriting... Read More



    Getting the right loan and the lowest rate requires wisdom and finesse. If you’re ready to partner with a team of professionals who’ve built a foundation on straight talk and true strategy, we are the loan store for you.


    (503) 376-7303     Get a Quote


    HUD Loans are one of the best options with the current level of interest rates. For a complete guide to HUD Multifamily Loans please go here:

    HUD Multifamily Loans - The Complete Guide

    Subscribe to Commercial Loan Blog