Apartment Loans

Published April 20, 2012 

Published December 14, 2012 

The simple answer is that it takes about 60 days to close an apartment loan. At times, unforeseen delays can make it longer. If we give your loan priority status, perhaps it can close in as little as 50 days. However, the amount of time can vary greatly, depending quite a bit on the experience and sincere effort of your commercial mortgage broker.

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%.

Published December 21, 2012 

Apartment financing is definitely challenging for the average investor in today’s economy. Prior to the recession of 2008, apartment financing approvals were made first to the solidness of the apartment complex’s income, second to the quality of the property, and third to the borrower.

Published December 22, 2012 

Apartment loans are so much easier to qualify for, to purchase, to refinance, and to sell than most any other type of commercial loan.

See if you can get pre-approved for an apartment loan today. Call now: 866-811-9515

Getting back to the topic of this blog – just like it’s easier to repair a lawn mower than an automobile, it’s because there are so many less moving parts.

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.

Published January 12, 2013 

Before reading this article, would you like to see if you qualify for a commercial loan? If you are curious about commercial loans, call 1-866-811-9515 now.

This blog is about the mortgage loan advantages of apartment loans over single-unit building loans. From the investor’s perspective, there is a lot written about why it is advantageous to buy apartment buildings instead of buying just one unit at a time. But did you know there are powerful mortgage loan advantages of having apartment loans versus single-unit building loans?

Published January 17, 2013 

In commercial finance, they say cash flow is king. But what exactly is cash flow in the eyes of a financier?

The net operating income is the dollar amount used to calculate repayment ability. This is the gross income less the normal operating expenses. What are normal operating expenses? Well, many times it is in a property owner’s best interest to report as much expense as possible in order to avoid tax liability. It is a good thing to pay the least amount of taxes possible—until it comes time for financing.

Published February 28, 2013

If you would you like to save time and money in purchasing or refinancing apartment loans, read this post.

Since the recession hit in 2008, it has been more difficult to get an apartment loan. Even wealthy, experienced multifamily investors often have a tough time now getting an apartment loan. They may have high net worth, but they lack the amount of liquidity needed. Or the property they want to refinance is now more difficult to refinance because of tougher requirements of the lender.

Published April 1, 2013 

What keeps many experienced investors from qualifying for apartment loans?

This is a continuation of a recent post about the difficulty of qualifying for an apartment loan. Here I’m writing specifically to experienced multifamily investors who have not had apartment loans since the recession hit around 2008.