Apartment Financing
Competitive Correspondent Lending
Multifamily Perm Loan Terms
Multifamily Perm Loan Terms
- $1,000,000 - $20,000,000+
- Competitive interest rates starting at 3.5%
- 5, 7, 10, 15, 20 yr fixed, up to 30 yr term
- Low costs, minimal escrows, cash-out avail
- Flexible prepay options
- 30 years amortization (Interest-Only avail)
- Limited/Non-recourse
- Close in 35-55 days
Eligible Properties:
Eligible Properties:
- 5+ units Class A, B, C
- All markets
- 90%+ occupancy
- Stable operating history 3+ months
Value-Add Loan Terms
Value-Add Loan Terms
- Up to 75% LTP + 100% hard and soft costs
- $2,000,000 to $20,000,000+
- 3yr fixed from 4%; Floating L+200 and up
- Flexible prepay options or no-prepay with refi to perm
- Typically Interest-Only during stabilization
- Limited/Non-recourse available
- Close in as little as 15 days
Eligible Properties:
Eligible Properties:
- 5+ units, Class B & C
- Primary + Secondary markets
- High vacancy / turn-over
- Deferred maintenance
- Light to heavy value-add (counter tops, appliances, flooring, lighting, wiring, plumbing, roof, pool resurfacing, amenities)