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Apartment/Multi Family Loans
Permanent or Construction
    
Loan amount ranges from: $1,000,000 - $500,000,000
People's Choice creates a competitive environment by shopping apartment loan requests to a wide variety of apartment lenders. Currently, we have over 100 apartment lenders in our database. You will realize the benefit of our unparalleled efficiency with both a great apartment loan and with our low fees.Our commercial mortgage programs are outlined with loan amounts from $1,000,000 to $500,000,000.
Apartment loans five units and up, are the number one chosen loan product in the commercial capital lending market. Multifamily apartment lenders are highly competitive when it comes to your apartment mortgage business and have commercial loan terms at the lowest apartment financing rates and terms. We have several investment mortgage loan products to meet your lending needs at or below current market interest rates.
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Location:
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US States and Worldwide |
| Type: |
We provide financing for acquisitions, refinances, and new construction of Apartment and Multifamily properties. |
| Loan Options: |
Fixed and adjustable loans are available. |
| Amortization: |
10- 40 Years |
| Term: |
10, 20, 25, 40 Years |
| Loan-to-Value: |
Multifamily and Apartment Financing - 75-85% LTV. |
| Debt Service: |
DSCR on apartment loans and Multifamily properties is 1.11-1.20% |
| Collateral: |
Apartment investment mortgage loans on real property |
| Property Types: |
Multifamily apartment units with 5 - units and up. |
| Loan Types: |
Conventional, Private Money and Hard Money |
| Eligible Properties: |
- Existing apartment properties with 5+ units limited mixed use acceptable
- No properties with deferred maintenance in excess of 10% of value
- Mixed-use multifamily apartment loans with retail on the bottom floor.
- Conduit Loans of large multifamily properties with 20 or more units
- Permanent, construction or substantial rehabilitation
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| Loan programs: |
- Highly competitive with a wide array of rate plans including:
- 3, 5, 7, 10, 15, 25, 30, 35 and 40 year fixed interest rate terms.
- 10, 15, 25, 30, 35, and 40 year fixed and variable rate loan amortizations
- 3, 5, and 10 year interest only loan structures are available.
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| Prepayment: |
Pre-payment penalties are common when searching for the best and lowest fixed rate of the market. Loan choices can range from fixed declining with yield maintenance, loan defeasance, declining 5,4,3,2,1, or 3,2,1 options...or no prepay penalty with higher rate and fee options are available. Apartment loans may or may not require recourse or personally guarantees. |
| Personal Guarantee: |
Non- Recourse and Recourse options |
| Minimum DCR: |
1.11 based on today's mortgage interest rates along the requested loan constant |
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| Loan-to-Value: |
- 85% for construction
- 85% for purchase or refinance
- 80% for cash out refinance
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| Rate Lock: |
60-day lock-in is available, advanced deposit is required and credited towards loan closing. |
* Programs, rates, and terms are subject to change.
Call or email us today for a free commercial loan quote.
Multi-Family Permanent Check List Multi-Family Construction Check List
Peoples Choice Commercial Lending - 999 Douglas Ave Suite 3331 - Altamonte Springs, FL 32714
Office Phone: (407) 478-6000 Fax: (407) 478-6001
Email: Info@mycommercialloanadvisor.com
Commercial lending throughout the U.S. and Internationally
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