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Small Balance Multifamily Loans From $1-5MM
Owners of multifamily properties with loan amounts under $5MM have generally had less options for financing compared to those with larger loan amounts. Until now. With competition for funding viable commercial loans on the rise, lenders are now starting to offer more competitive loan programs in an effort to generate business.
Using one of these new programs we are pleased to now be able to offer premium loan terms to owner/operators of multifamily properties of small(er) multifamily properties throughout the US. This program opens the door to terms usually reserved for larger properties and sophisticated borrowers.
We can now offer loan terms that are simply not available from brick and mortar lenders. Also, compared to the high(er) closing costs associated with using CMBS lenders and life companies, the closing costs under this program are very low since the lender pays for all third party reports.
If you are an American borrower with good reserves and net worth and have a property that is at least 85% occupied than the following terms could be yours.
Rates as low as the 4s
· 20 year term with 30 year amortization
· 10 year fixed interest rate period
· Up to 80% LTV
· Cash-out to the maximum LTV possible
· Lender pays for ALL third party reports
Please call today with any questions
I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live by the light that I have. I must stand with anybody that stands right, and stand with him while he is right, and part with him when he goes wrong.
Marie Fleming is an author and enjoys to write on her spare time. At times motivational or articles involving the field of sales or Real Estate.