Obtaining a cash out apartment refinance or other type of apartment loan is getting easier in today's market. While many struggle by trying to obtain a cash out apartment loan refinance through traditional banking channels, a new type of multifamily lender has entered the market.
Apartment loans are still the realm of traditional banks but they aren't made 'through' the doors of the bank anymore. Most apartment loans, including cash out apartment loan refinances and apartment loan refinances for lower interest rates, are made by subsidiaries of banks that act very much like funds.
The funds are designed with the specific purpose of investing in apartment loans. Closing these apartment loans quickly is the key for them as they attempt to achieve market dominance as first-movers in the apartment lending space.
With aggressively low interest rates, quick close times and flush with cash to lend, these lenders are deploying capital through less traditional means. Some engage with entrepreneurial origination and processing platforms to get money in the form of apartment loans into the market fast.
One such platform is Dividend America Commercial Lending. DACL helps these lenders by filling the lenders pipelines with the types of apartment loans they seek. Some seek to do refinance style apartment loans where borrowers can get lower interest rates by refinancing their existing apartment loan while others seek to pull cash out of equity built up after years of paying down their apartment loans.
Other investors seek to use web portals like Multifamily Loans Store (dot)Com to attract borrowers seeking to apartment loans for purchase transaction and acquisitions. Even others are seeking hard money and/or bridge apartment loans for purchase, rehab and stabilization of apartments.
Regardless of the reason, cash out or purchase of apartment buildings and multifamily communities can be obtained easier than one thinks by simply following the proper path to the money. Check out multifamilyloanstore.com or call the experts at Dividend America Commercial Lending for more infomation on all types of competitive apartment loans.
Michael Gross 404-819-4511 or email quesitons to firstname.lastname@example.org
DACL is an origination and processing platform providing access to all types of apartment loans in all 50 states. Curently focusing on lending in the markets and submarkets listed in the S&P Case Shiller Home Price Index and the surrounding secondary markets to those cities. We look for opportunities in: Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore.