Loan rates have stabilized and FHA refinance loans FHA 223(f), FHA 223(a)(7) and FHA 232 purchase and refinance are close to 6% including MIP.
FHA New Construction FHA 221(d)(4) and FHA 232 New Construction are above 7% including MIP.
Freddie Mac and Fannie Mae apartment loans are ranging between 2.30% and 2.75% over ten year treasuries for ten year balloon loans depending on loan to value, location and strength of market, lender and borrower.
312 Florence Ave. Evanston, IL 60202
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Commercial Mortgage - Apartment - Healthcare
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