Commercial and Apartment Loan Programs for Chicago,
Illinois and Surrounding Areas
Now in all of Illinois and areas of Michigan, Ohio, Wisconsin and
Indiana!
Apartment Loans or Commercial
Property Mortgage Loans
Loans to
$35,000,000 ($25,000,000 for Commercial)
Some of the Lowest
Interest Rates and Lowest Fee Apartment Mortgages and Commercial Loans in the Nation
without the onerous conditions of conduit loans!
Rates can be Locked-In at full
loan application! Minimize market uncertainties.
Apartment Loan and Commercial
Mortgage Rates
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| LTV |
Program |
Start Rate* |
Margin |
Points* |
Index |
Notes |
| 80% |
3 Yr Fixed
5 Yr Fixed
7 Yr Fixed
10 Yr Fixed |
5.60 5.75
5.90
6.14 |
1.800 1.750
1.700
1.650 |
0.750* |
Corresponding CMT
indices |
Multifamily or Mobile Home
Parks
30 Yr Am / Renewable
|
| 80% |
3 Yr Fixed
5 Yr Fixed
7 Yr Fixed
10 Yr Fixed |
6.20 6.35
6.50 6.74 |
2.000 1.950
1.900
1.850 |
0.750* |
Corresponding CMT
indices |
Office Buildings, Retail Centers,
R&D, Industrial and Self Storage
To 30 Yr Am / Renewable |
| 80% |
15 Year Fully amortized loan |
6.14 |
N/A |
0.750* |
Fixed |
Apartments or Mobile Home
Parks |
| 80% |
15 Year Fully amortized loan |
6.74 |
N/A |
0.750* |
Fixed |
Office Buildings, Retail
Centers, R&D, Industrial and Self Storage |
| 80% |
Apartment and Mobile Home
Parks
Adjustable Rate Mortgages
|
6.279 7.138 |
1.950 2.350
|
0.750* |
6 Mon LIBOR
12 MAT
|
Apartments or Mobile Home
Parks
30 Yr. Amortized, Due in 15,
|
| 80% |
Commercial Properties
Adjustable Rate
Mortgages
|
6.879 7.472 |
2.550 2.950
|
0.750* |
6 Mon LIBOR
12 MAT
|
Office Buildings, Retail Centers,
R&D, Industrial and Self Storage
To 30 Yr. Amortized, Due in 10,
|
|
Loan to Value: Loan Size:
Amortization:
Rate Lock:
Appraisal Fees: (Estimates)
Prepayment Provisions:
Points:
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80% Apartment Purchase, 75% Apartment Refinance,
80% Commercial Purchase, 75% Commercial Refinance $500,000 (or less) to $35,000,000 for Multifamily ($25,000,000 for Commercial)
Up to 30 years on Apartments and Commercial
At time of application for 60 days (if desired)
Apartments: 5 to 9 units -- $700; 10 to 16 units -- $975;
17 to 24 units -- $1,100; 25 to 40 units -- $1,500; 41+ units --
$1,950+
Commercial property appraisals run approximately 25% higher
plus an environmental report fee of $550.
Varies - Declining - No Lockouts or Yield Maintenance
* Point charges assume $750,000 minimum
Add 0.20% for loans below $750,000
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Apartments, Mobile Home Parks,
Office, Industrial, Student Housing, Mixed Use, Self-Storage, Single Tenant
And Many More Loan Offerings...
E-mail or call for specific scenarios.
Apartment or Commercial
Application
See Also:
Main
Commercial & Apartment Loan Page for many more apartment and commercial
loan programs.
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