Apartment Loans

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.

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).