Commercial apartment financing loans with easy qualifying.

We make financing apartment loans easy. It's easy for the lender to say "yes" when we show them why they should say yes to the loans for apartment financing request. The way to successfully complete that, is to first understand the lender's decision making process in approving loans for apartment financing. We at MFI as well as the numerous lenders and commercial real estate investors that we place these packages with, have a thorough understanding of the unique complexities involved it these types of commercial properties .

These programs are an important part of a very competitive sector of the commercial mortgage lending market. Lenders want your business and are willing to compete on multi family units and apartment building financing loans. We create a competitive environment by shopping your request for financing multifamily unit apartment loans to a wide variety of competitive lenders that specialize in this type of commercial real estate. You will know the benefit of our unequaled efficiency and service with a great program and with low fees.

Our only goal is to be your main source for the most appropriate lenders for the financing of apartment loans. We provide customized solutions for commercial real estate investors across the nation. If you need to refinance an existing property or you need purchase money - we can help structure the terms that most suitably meets your needs.

LTV - Programs provide financing usually at 80% of appraised value or sale price, whichever is lower. For amounts under $2,000,000, there are a few lenders that will go to 85% or 90% or will allow seller carry back seconds for a combined LTV of 85% to 90%.

Debt Service Coverage Ratio - The cash flow from units must be at least 1.00 to 1.20 times the mortgage payment. This will vary a little from lender to lender

Term - 1, 3, 5, 7, 10, 15, 20 ,25 and 30 year fixed rate terms are available. Short term adjustable rate mortgages are most common due the the lower rates, payments and higher cash flow. Interest only and balloon notes are also available for these properties.

Interest rates vary depending on program. Here is a rough idea on what to expect.

10, 15, 20 year fixed rates - will usually have prepayment penalties based on "yield maintenance" or "defeasance".

3 and 5 yr fixed rates - usually have a decreasing prepayment each year (e.g. 5%, 4%, 3%, 2%, 1%).

Adjustable rate mortgages- typically have a declining and smaller prepay penalty depending on program (e.g. 3%, 2%, 1%).

Lockout period is defined as an interest guarantee to the lender. No matter what happens, the lender will
be paid interest for the lockout period. This can range from 2 to 5 years depending on negotiations for rate.

Inquire now to find out what programs might work best for your situation. There is no cost, obligation or credit check made to get the preliminary information. Apartment loans and financing lenders provide mortgages that are available for multi-family properties 5 units and above. Call Now provides competitive programs for commercial real estate ranging from $100,000 to $100,000,00 or beyond.

Multi Family Apartment Financing Loans

Commercial Real Estate Lenders