Fannie Mae’s apartment loan program offers many distinct advantages over traditional bank programs, including: long-term fixed rates up to 30 years, high LTV ratios up to 80%, and nonrecourse financing (no personal guarantee to the principals).
Current Rates. Commercial Mortgage Interest Rates. As of January 2019. Apartments / Mobile Home Parks. Wholesale Bank Programs. Interest rates can be locked up front and costs are capped. 5 years. 4.110%. 7 Years. 4.180%. 10 Years. 4.280%. 15 Years. 4.230%. 20 Years.
Investing in these top three apartment REITs may be a great way to take. Aimco recently lowered its cost of debt to an average rate of 3.37% for over $587 million in property loans, saving about.
These loans are for stabilized properties only with a minimum $750,000 loan amount with rates that can be fixed or floating. FNMA financing can be used for traditional multifamily properties, student housing, affordable housing, or independent senior living. Maximum leverage is 80% on purchases and 75% on refinances within designated areas.
Bristol Capital Group specializes in apartment loans. We pride in our ability to pay off underlying bank loans, Conduit loans, life insurance loans and existing agency loans funding with new long term, fixed rate low interest mortgages. We steer our clients through the apartment loan process and are extremely hands-on.
Most of our apartment loan rates are determined by taking the current 3- to 30-year treasury yield plus a spread of 1.50% to 2.60%. With the exception of HUD/FHA which has the lowest long term fixed rates, the longer you fix the rate, the higher the rate.
Multifamily financing is used for the purchase or refinancing of smaller multi-unit properties with two to four units and large apartment buildings that have five or more units. Multifamily loans are great tools for both first-time real estate investors and seasoned professionals. Rates are generally between 4.5% to 12% with terms up to 35 years.
Most of our apartment loan rates are determined by taking the current 3- to 30-year treasury yield plus a spread of 1.50% to 2.60%. Here are Some of Our Best multifamily loan program terms: 1. FHA Multifamily Purchase or Refinance Loan. With a 35 year low fixed rate and a 35 year amortization this is by far our best Apartment Loan Program.
Residential Construction Financing Available Commercial Real Estate Pros and Cons of Investing in Commercial Real Estate. Understand the advantages and disadvantages of investing in Commercial Real Estate. By Matt Larson. Any type of property, whether it’s commercial or residential, can be a good investment opportunity. For your money, commercial properties.