Apartment Building Loans
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.
Apartment building loans. In the middle is a 15 year fixed fannie mae loan at 3 65. Freddie mac apartment loan program small balance. 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 is another nationwide source of mortgage capital for apartment building financing.
One of the best interest rates is from a life company at 3 95 for a 25 year fixed. 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. 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. No matter what the size of the building we can offer apartment building loans that fit an owner or investor s individual needs.
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. Direct can provide financing for all of the following.