Apartment Building Financing

Apartment loans can be short term or permanent loans that fund the purchase and or renovation of an apartment building with rates from 5 percent to 12 percent.

Apartment building financing. It all starts with a property borrower and lender and it all ends if all goes well with a closed loan and newly purchased or refinanced property. Multifamily loans is the premier capital markets solution for multifamily and apartment lending across the nation. Direct commercial funding offers the financing investors and owners need to purchase build or refinance an apartment building. 7 best apartment building rehab loans 2020.

Intimately familiar with the ins and outs of all components of apartment building finance with strengths in gse finance fha cmbs bank life companies and more. No matter what the size of the building we can offer apartment building loans that fit an owner or investor s individual needs. Apartment building loans from 750k 50 million highly competitive rates terms up to 80 ltv. Our multifamily options include.

Acquisition refinance multifamily construction loans and multifamily bridge loans if you re searching for loans for apartments or apartment building financing look no further. By terry painter mortgage banker member of the forbes real estate council the 7 best apartment building rehab loans in america are ranked based on maximum loan to cost interest rate loan term what it takes to qualify and customer satisfaction. Direct can provide financing for all of the following. By partnering with the most competitive and aggressive banks in the country to create the banc series product line we can custom tailor financing based on location property.

Banc series bank balance sheet apartment loans. To qualify as a multi family investment property the building must have five or more dwellings apartments whereas buildings with four or less units are still classified as residential 1 4 investment properties in. Work with the top nationwide commercial mortgage broker. Freddie mac is another nationwide source of mortgage capital for apartment building financing.

Apartment building loans are a lot like other residential real estate financing. Offering financing for apartment buildings otherwise known as multi family properties is an excellent strategy for brokers to expand their business offering and client base. Investors typically use apartment building financing to purchase properties with more than five units that can generate cash flow build equity increase leverage or earn capital gains. The banc series apartment loan program is a dynamic mix of bank investment bank and credit union balance sheet loan programs for 5 unit multifamily properties.