Small Apartment Loans $750,000 to $5,000,000

Fixed Rate non-recourse small apartment loan program.


Loan Amounts: $750,000-$5,000,000

Baltimore, Boston, Chicago, Los Angeles, New York City, San Diego,San Francisco, San Jose (CA), Sacramento, Seattle, and Washington

Fixed Rate Balloon Loans: 5, 7, 10 and 15 year loan terms with up to 30 year amortization terms


Fully Amortizing Loans: up to 30 year terms
Pricing based upon Loan to Value and Debt Service Coverage
Maximum Loan to Value: 75%
Minimum Debt Service Coverage Ratio: 1.25x

Low upfront costs, Low loan fees


http://www.kendallrealtyadvisors.com/smallaptloan.html

FHA 223(f) Apartment Refinance Rates

FHA 223(f) apartment refinance rates are about 5% plus MIP.

A new waiver is now allow for properties that are new or recently completed for 223(f) apartment refinance. The properties need to have a certificate of occupancy and should be well occupied at time of application for loan sizing.