Apartment Building Loan

SNC is a direct lender, not a broker. This means you will have less red tape, paperwork, and a faster approval process for an apartment building loan. You will receive better rates as we control the interest rate directly and make all final decisions regarding your apartment loan. SNC accepts 1003 loan applications for apartment building loans, which are traditionally used for residential loans.

Real estate investment has become an extremely popular way for people to try to make money. The truth is, however, that rather than being a simple get-rich-quick possibility, real estate investing takes a lot of time and a lot of upfront capital or loans.

While time isn't exactly a resource that you can get anywhere, receiving financial support is possible. Security National Capital, an affiliate of Security National Financial Corporation, is a commercial lender providing apartment building loans, bridge loans, and other commercial loan options for investors.

Apartment Building Loan Options

Security National Capital offers apartment building loans on two different levels. The first is their Fast and Easy Apartment Building Loan for $500,000 to $3,000,000. The second is the Multifamily and Apartment Building Loan for loans over $3,000,000. The first level is designed for smaller buildings (but with no less than five units) while the second level is designed for financing much larger, multifamily projects including student housing, senior living, and assisted living facilities.

Whether you need a small or a large apartment building loan for a pending purchase, the apartment units you are considering need to be in generally good condition and have little deferred maintenance. Otherwise, if the building is in "fair" or "poor" condition, it will require you to make a significantly larger down payment, or may not qualify for an apartment building loan at all.

All apartment building loans are fully assumable and have an 80% maximum loan-to-value ratio.

Additional Loan Options

In addition to their apartment building loans, SNC also offers bridge loans and loans for commercial property. Most types of commercial property are eligible for commercial mortgage loans including office buildings, industrial and warehouse properties, retail buildings, strip centers and manufacturing facilities.