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Apartment Loan Rates

Get Striking Rates on Apartment Loans

Published September 8, 2010 

If you are interested in building apartments to invest your money in commercial properties, you may be looking for apartment building loans at a cheap rate. You need to select a reliable and praiseworthy mortgage banking company that will provide your desired loan amount at a reasonable rate. But this job is not as easy as you think. Choosing the perfect commercial loan financing company is a more tedious job than finding the best rate.

Pre-Qualify for an Apartment Loan

Published December 19, 2011 

An apartment building loan, also called a multifamily loan, is a commercial loan. Where a residential loan is made primarily to the quality of the borrower, a commercial loan is made to the quality of the income of the property, the quality of the property itself, and the quality of the borrower. So there are really three pre-qualifications for a loan on an apartment building.

THE THREE PRE-QUALIFICATIONS FOR AN APARTMENT BUILDING LOAN

Commercial Loans & 30-Year Fixed Rates

Published February 4, 2012

In 1933, in the aftermath of the Great Depression, President Franklin D. Roosevelt established, with Congress, The Home Owners Mortgage Act by selling government bonds to lenders. The purpose was to help remedy high foreclosure rates and to make it possible for more people to own their own homes. It was mandated that these loans had to be fixed for 20 to 25 years and be fully amortizing (term and amortization match). Eventually this was pushed up to 30 years, with the idea that most people would work for 30 years and then retire with a paid-off home.

Best Apartment Loan Sources

Published March 12, 2012

If you are in need of a multifamily loan to refinance your apartment building or to purchase an apartment building of five units or more, what lending sources are available to you in America today? Which are the best? Some of the available loan sources are the corner commercial bank, credit unions, regional banks, national bank commercial divisions (such as Wells Fargo Commercial and Chase Commercial), Fannie Mae, Freddie Mac, FHA, real estate investment trusts, insurance companies, hedge funds and private funds.

Lowest Apartment Loan Rates

Published December 17, 2012 

The lowest apartment loan rates (commercial apartment complexes of five units or more) are without doubt HUD/FHA loan programs for refinancing and purchasing apartment buildings. This program is known as the HUD 223f. The rate as of the date of this blog article is 2.75% for a 30–35 year fixed with a 30–35 year amortization. HUD will also mandate a monthly mortgage insurance premium, so that will add .60% on to the rate. Therefore the all-in rate today is 3.35%.

Getting a Longer Fixed-Rate Period

Published January 5, 2013 

Call 866-811-9515 today to see if you pre-qualify for commercial loans – especially an apartment loan.

Did you know that back in the Depression, Roosevelt made it possible for increased numbers of people to own homes? At the time, as you can imagine, there were a tremendous number of foreclosures, and not many people could afford to own their own homes.

Apartment Bridge Loans 101

Published August 5, 2013

Do you need a bridge loan—also known as a hard money loan—instead of a conventional apartment loan to purchase or refinance an apartment building?

Conventional permanent loans, the ones with the best long-term fixed rates, require that the property:

1) Be in good condition.

2) Have 90 percent occupancy for a minimum of 3 to 12 months

3) Have 12 to 24 months of good net operating income (gross income minus expenses).

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