Home » Commercial Mortgage Financing » Multifamily Apartment Loans
Long term Rental for Multi-family properties
- Collateral: 5-9 unit buildings
- Term: 30 years
- Amortization Options: Hybrid ARM 5/1, 7/1, or 10/1; 30-Year Fixed; 5, 7, or 10 year Interest-Only
- Loan Amount: $250,000-$2M
- LTV:
- Purchase: Up to 70% of purchase price (700+ score with experience)
- Refinance: Up to 70% of the As Is Value (700+ score with experience)
- Cash-Out: Up to 65% of the As Is Value (700+ score with experience)
- Rate: As low as 6.2167% with buydown
- Credit score: 680 Minimum
- Prepayment Penalty: 3-5 years, shorter prepay periods will have higher rates
- Minimum DSCR: 1.20