Apartment Lender Apartment Loan Pricing

Apartment Lender Apartment Loan Pricing


APARTMENT LOAN RATES FNMA FREDDIE MAC FNMA LARGE AND SMALL LOANS

Apartment Refinance and Purchase Loan FHA Fannie Mae DUS Freddie Mac: http://bit.ly/Wrs4l

Apartment Loans

Apartment Loan Apartment Refinance FHA Fannie Mae DUS Freddie Mac: http://t.co/eYzcVNS

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

223(f) Apartment Lender News

FHA 223(f) loans available - new construction properties that are leased up can apply for a waiver of the three year rule.

Rates are very low about 5% plus MIP.

FHA is increasing staffing and 223(f) has been the most active program for most FHA multifamily offices.

APARTMENT LOAN RATES FHA FANNIE MAE AND FREDDIE MAC

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.

FHA Updated 232 LEAN and Offers Waivers on 3 year rule for 223F

FHA has updated underwriting for 232 assisted living centers with 1.45 to 1 DSC and 75% LTV. They have also issued standards for 232 appraisal cap rates. This is more conservative underwriting, similar to conventional financing underwriting.

Temporary waivers for three year rule for new construction now available for properties that can not find a permanent loan.