Apartment Building Loans

In the middle is a 15 year fixed fannie mae loan at 3 65.

Apartment building loans.

7 best apartment building rehab loans 2020 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. One of the best interest rates is from a life company at 3 95 for a 25 year fixed. Direct can provide financing for all of the following. Direct commercial funding offers the financing investors and owners need to purchase build or refinance an apartment building.

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. 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. 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. Freddie mac is another nationwide source of mortgage capital for apartment building financing.

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. 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.