Multifamily Financing for Apartment Buildings and Apartment Complexes
Multifamily financing and apartment loans are confusing terms and many commercial real estate investors don't understand the difference between the two terms. The dirty little secret is this... there is really no difference!
If there is no difference between the basic apartment loan and standard multifamily financing then why do the two terms exist. The terms exist because many real estate investors 'self-identify' in certain ways and multifamily financing and apartment loan lenders want to capture all those investors in need of a loan.
In general, those commercial real estate investors that invest in large and newer projects consider themselves to be in the multifamily residential business. For these CRE investors, multifamily financing best identifies the type of funding they seek. Typically they have a more sophisticated financial plan and need a lender that understands their needs.
On the other hand, most real estate investor that purchase 5 to 20 unit apartment buildings and/or B/C class apartment complexes that are older believe they need apartment loans. Even though the apartment building and apartment complexes that are being purchased fall into the multifamily residential investment category, they self-identify as needing an apartment loan.
Multifamily Financing and Apartment Loans - The Bottom Line
The bottom line is this, whether an investor believes they need multifamily financing or an apartment loan, the programs available for each are basically the same. To find out details about the financing options for any type of multifamily residential project from apartment buildings to A-Class multifamily developments with hundreds of doors, contact the multifamily financing and apartment loan experts at Dividend America Commercial Lending. Call Michael Gross, President of DACL at 404-549-6756 or email questions or scenario to info@dividendamerica.com
Lending in all 50 states and focusing on Multifamily Financing and Apartment Loans 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.
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