Apartment Loans

These loans offer very competitive rates, costs and terms for the apartment owners. Our program is designed for buildings in good condition with no less than 5 units. Many loan options are available to help you meet your investment needs and maximize cash flow.

Apartment Loan Details

	Current apartment loan details
Property Types:	5 units and larger
Loan Term:	25-30 years
Loan Amounts:	$500,000-$10,000,000
Loan Amortization:	25-30 years
Current Rates:	See Rate Sheet
Loan to Value:	80% maximum
Debt Service Coverage:	1.20: 1 Minimum (by historical NOI after management, vacancy & replacement reserves)
Recourse:	Recourse to responsible individual
Assumption Permitted:	Fully assumable
Impounds:	Monthly tax impounds (may be waived)
Prepayment Fee:	Step down. See Rate Sheet