Commercial Loan Blog

October 23, 2014

Welcome to “What Are the Qualities of a Superior Apartment Commercial Loan Broker (Part 2)” Actually last week our blog title was about apartment loan brokers. I decided to include all commercial brokers. The qualities of a good commercial loan broker are almost synonymous to those of a good apartment loan broker.

In last week’s blog, three points were covered:

1. Make sure that you pick a commercial loan broker who is so well experienced, and of such strong integrity that if he has carefully examined your loan, picked a lender, and says he can close... more

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 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

September 12, 2014

If you want to become a landlord, you need to understand the concept of apartment building mortgages. These are commercial real estate investments that generate rental income for the proprietor. To get the lowest rate apartment loans, here is some essential information that every investor should know.

Commercial real estate mortgages are either offered as adjustable or fixed rate of interest. The fixed rate option is considered more beneficial as rates are still historically low.   However adjustable rates are also historically very low tied into the 30 day... more

September 05, 2014

Apartment loan rates for properties that have five units or more are going to run about one percent higher than conventional rates on single family properties. A potential buyer will first need to determine the kind of funding that might be available. The best programs today are usually obtained from what is called agency loans – Fannie Mae, Freddie Mac, and FHA. Many institutions provide financing for real estate investors, but some offer better apartment loan rates than others. You should also check with mortgage brokers that specialize in commercial real estate... more