Our value proposition is we bring money from
around the country to local marketplaces insuring the most likelihood of closing. The key is placing the borrowers with the lender that most suits that borrower’s strengths. We do it better than anyone!
We Close More Apartment Financing Loans than Anyone. Call Now (512) 650-8630
Apartment Financing for Amounts above $10+ Million:
1. 90% Combined Loan To Value
Hot Right Now is 90% CLTV: Blend of 1st and equity partner for loan amounts that are $10Mil to $50Mil. Terms can be up to 10 fixed with a 30 year amortization.
Apartment Financing for Amounts above $3 Million:
1. Acquisition and Refinance Apartment Loan 83.3% LTV are for Loan Amounts of $3 Million and above+. We can get you a FIXED rate in the 3’s . You will save because of the low fixed rate and because the loan is amortized over 35 years!. The program is a no recourse loan and is assumable.
– This program allows a seller carry up to combined loan to value of 92.5%
2. Apartment Construction/Rehab Loan up to 90% LTR for values of $3 Million and above. This program also has a great FIXED rate in the 3’s . The loan is fixed for 40 years and is amortizated for 40 years. The program is a no recourse loan and is assumable.
Apartment finance for Loan Amounts above $750,000+:
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
We Close More Apartment Loans than Anyone! Call Today at 512-650-8630 or 512-354-5949
In order to issue a term sheet with in 5 business days, we need a complete package of the documents below:
- Completed and signed Personal Financial, including real estate owned and assets.
- Experian Credit Report dated within 60 days
- 3 years signed P&L or Tax Returns from the seller
- Year to date P&L that is signed and dated within 60 days.
- Rent Roll
- Executive Summary explaining the amount needing, whether it is a purchase or a refinance, if is a discount note, the history of the property, if a refinance the date purchased and for how much, the year it was built, when the property was rehabed, the square footage, how many units, how many buildings, information about the area, where the building is located etc. and what the plans are for the future.
- Color Photos of building (interior & exterior).
Call TODAY at 512-650-8630 or 512-354-5949