Small Apartment Loans Chicago other Major Cities

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,  $4,500 Chicago, IL Only

Fees 1% to 2%


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