1. Acquisition and Refinance up to 80% LTV.
90% occupied has a variety of terms available from a 5 year to a 10 year fix with a 30 year amortization. The rates are very competitive.
If the property does not have 90% occupancy but cash flows than 5 year with a 30 year fix rate.
2. Cash-out is possible up to 70%LTV on limited cases. The deal must very strong and have 3 years experience as a landlord.
Apartment Building Financing for Loan Amounts above $250,000:
1.Acquisition and Refinance up to 75% LTV. The loan has full recourse with 5 year fixed balloons and 30 year amortization.
1.Stated Acquisition is up to 75% LTV. Loan amounts $250,000 to $1,000,000, rates are in the single digits, terms typically 3,5, or 7 years with 30 year amortization.
2.Bridge Financing - 1st Mortgage
3.Mezzanine financing - 2nd Mortgage