Commercial Loans for Multifamily Housing and Apartment Buildings
Commercial loans for multifamily housing and apartment buildings are becoming more prevalent and easier to qualify for as the housing market tightens and rents continue to rise. Recent trend data still shows a housing shortage and tight residential lending criteria continue to force more of the population into rental units.
Recent changes from Freddie Mac and Fannie Mae have opened up commercial loans in the small balance loan category for multifamily and apartment communities. From bridge loans to standard conventional commercial loans, commercial real estate investors are finding the door to commercial loans for multifamily and apartments is getting easier.
Commercial real estate investors specializing in the multifamily and apartment building space can expect to receive standard bridge loans that will provide easy access to the capital needed to purchase and rehabilitate units accompanied by commercial loans to take out the bridge loans after as few as 90 days of stabilization!
These commercial loans for multifamily and apartment buildings are extremely competitive with rates in the mid to high 3% range! Add to this a 5 or 10 year fixed term and a 30 year amortization and you have one very attractive end loan. For more information on commercial loans for multifamily and apartment buildings call Michael Gross, Dividend America Commercial Lending Multifamily Loan Speicalist at 404-549-6756 or email him at mgross@dividendamerica.com
Lending in all 50 states and focusing on Multifamily Financing and Apartment Commercial 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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