Multifamily loans is the premier capital markets solution for multifamily and apartment lending across the nation. Beyond our specialities in traditional low cost non recourse multifamily finance multifamily loans maintains unique.
Financing options under 1mm are extremely limited for apartment properties.
Small apartment loans. Fannie s loans are popular for a variety of reasons including the fact that they are generally non recourse offer very low interest rates and can provide flexible terms between 5 and 30 years with amortizations up to 30 years. Apartment and multifamily loan rates range from 2 76 for a 35 year fixed fha loan to 4 65 for a 5 year fixed community bank loan. The loan application process is simple and streamlined.
These units tend to have more bedrooms fewer amenities and are more affordable perfect for families of america s workforce. Apartment loans under 1mm. The freddie mac small balance apartment loan program offers many unique and beneficial features for apartment purchases and refinances with a minimum loan size of 1 000 000.
Freddie mac small apartment loan program the freddie mac small balance loan sbl program dominates the 5 unit multifamily loan space and has changed the way borrowers obtain apartment loans by providing more financing options better terms lower rates and a quicker simplified loan process. Apartment financing on sale. Apartment loan store has specialized in the lowest rate multifamily loans for over 20 years.
Fannie mae apartment loans generally start at 1 million for fannie mae small loans and can go up to 100 million. Multifamily loans has built a specialty platform for apartment loans from 250k to 1mm. In the middle is a 15 year fixed fannie mae loan at 3 65.
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. Up to 30 years. Get a free quote.
October 7 2019 february 17 2020 by randybacon in real estate. As an example tax returns for the borrower and the property are not required. Hedge interest rate risk with fixed rate terms.
One of the best interest rates is from a life company at 3 95 for a 25 year fixed. Since 1997 we have shopped our network of affiliated lenders to land our clients the best deals on apartment building loans of 5 units or more and 750 000 plus. Small apartments serve large portion of renters.
Freddie mae frannie mac small business loans up to 7 5 million rates for top markets 3 25 to 3 65 standard markets 3 64 to 4 08. Loan size 750 000 5 000 000. Smaller multifamily buildings are vital to affordable housing.
The small loan program offers borrowers unmatched performance and value flexible terms and streamlined processing for apartment loan sizes up to 5 million.