Small Balance Loans for Multifamily Properties
It's a New Year! and the market for multifamily small balance loans is getting even better! With two major categories, those loans from $250,000 to $999,999 and those from $1 million to $5 million, investors in multifamily developments and apartment buildings now have the aggressive capital they need to significantly grow and improve their portfolios in 2016.
Loan to Value (LTV) ratios are still aggressive and are currently range from 75% to 80% in most markets. Rates are still extremely loaw for loans over $1 million with 30 year amortizations running around 4%! Money is available for both purchase and cash out refinance or to just refinance an older loan to a much better interest rates.
Loan amounts below $1 million can expect slightly higher rates, but amortization periods are still 25-30 years and this can make a significant difference over a 15 year note. To learn more contact the multifamily small balance loans experts at Dividend America Commerical Lending.
Aks questions and get answers fast here!
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Making multifamily small balance loans in all 50 states and focusing on 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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