Commercial On-Line Mortgage Loan Application

 

Apartment Mortgage Loan Programs available Nationwide

Serving most States and Counties within the United States

See Also: Main Commercial & Apartment Loan Page for many more apartment and

commercial loan programs, including interest only, stated and no-doc options and  40 year amortization.

apartment loans, mixed use mortgage loans,nationwide

Mid-Size Apartment Mortgage Loans and Mixed Use Loans

(For Loans from $500,000 to $5,000,000) *

Low Interest Rates, Low Loan Fees, Fully Amortized and Assumable. For both Apartment Purchase or Refinance.

Rates can even be locked at full loan application! Minimize market uncertainties.

Apply Online

Lock-In for 60 days at Full Application!

Apartment Loan Mortgage Rates

LTV Start Rate Margin Points Index Notes
80% Purchase and 75% Refinance Conduit Buster Program Conduit Pricing without the hassles 5.374 1.15 0.50 to 1.00 * 10 Year Treasury 10 Yr. Fixed then ARM, 30 Year Amortized, Due in 15 Years. $2,000,000 Minimum Loan
80% Purchase and Refinance 6.250 to 6.650 1.15 0.50 to 1.00 * Swap Rate** 3 Yr. Fixed then 1 Year ARM, 30 Year Fully Amortized.
80% Purchase and Refinance 6.250 to 6.550 1.15 0.50 to 1.00 * Swap Rate** 5 Yr. Fixed then 1 Year ARM,30 Year Fully Amortized 
80% Purchase and Refinance 6.500 to 6.750 1.15 0.50 to 1.00 * Swap Rate** 7 Yr. Fixed then 1 Year ARM, 30 Year Fully Amortized 
80% Purchase and Refinance 6.500 to 6.750 1.15 0.50 to 1.00 * Swap Rate** 10 Yr. Fixed then 1 Year ARM, 30 Year Fully Amortized 
80% Purchase and Refinance 6.750 to 7.000 1.15 0.50 to 1.00 * Swap Rate** 15 Yr. Fixed Fully Amortized 

* Minimum loan amount is $500,000  with no maximum.

** Margin Based upon Pricing

Mixed Use Property Loans:

For mixed-use properties, Loan-to-Value is reduced by 5% and the interest rate is increased by 1/2%. An additional application fee of $1,000 is required.

Mixed-use is defined as properties where no more than 33% of the current gross potential income comes from commercial units and the number of commercial units does not exceed 25% of the total number of units. There must be a minimum of 5 residential apartment units in the project.

Apartment Loans Highlights:

  • Full Amortization; there are no balloon payments. After the expiration of the initial fixed rate period -- 3, 5, 7 or 10 years, the loan rolls over, at no cost.
  • Declining, prepayment penalties. Specific percentages of penalty depend upon the fixed loan term taken. Up to 20% of the loan balance can be paid in any year without a penalty.
  • Low third party costs and loans fees. Generally there are no legal fees (unless Trust or Corporate review needed) and reduced appraisal and inspection fees. 

Apply Online

Additional Information and Requirements:

Properties with loans requested below the minimum can be bundled together to reach the minimum point. Purchase or no-cash refinances are available to 80%.

Documentation requirements for apartment loans are similar to a residential transaction. A complete 1003 for each property is required including a rent schedule. Paycheck stubs, three months bank statements, two years 1040’s with all schedules, W-2s and a form 4506 are needed. In addition, a current rent roll, property questionnaire and historic and forecasted operating statement (all in special formats) are required. Copies of all leases are needed for each unit and, on refinances, a history of capital improvements over the last three years is requested.

Property grades can go from A to C, but no rehabs or significant deferred maintenance will be accepted.

Many More Apartment Loan and Mixed Use Offerings... E-mail or call for specific scenarios.

Apply Online

 

 

commercial mortgage, commercial mortgage loan, commercial mortgage lender, commercial mortgage rate, apartment loan, commercial property mortgage, commercial mortgage broker, commercial financing, commercial real estate financing, California commercial mortgage loans

Mortgage Resources

 

 

 

Rick Keltner - Broker

Main Address:

 

26530 Anchorage Lane

P.O.  Box 215

Helendale, CA 92342-0215

Telephone:

 

(408) 356-1448  or  (760) 553-2823 

Toll-free:

 

(800)  779-LOAN (5626) or  (800)  214-6002

Fax:

 

(760) 314-7025

E-Mail:

 

rick@mtg-res.com

Web Site:

 

http://www.mtg-res.com

 

Please check the State Availability page, prior to contacting us, in order to insure that we will be able to process your loan request.

 

commercial mortgage, commercial mortgage loan, commercial mortgage lender, commercial mortgage rate, apartment loan, commercial property mortgage, commercial mortgage broker, commercial financing, commercial real estate financing, California commercial mortgage loans

 

 

RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. APRs QUOTED ARE APPROXIMATIONS AND WILL VARY ACCORDING TO PROPERTY / BORROWER QUALIFICATIONS, CLOSING DATE AND LOAN AMOUNT. START AND NOTE RATE ARE OFTEN ROUNDED TO THE NEAREST 1/8%. RATE QUOTE DOES NOT CONSTITUTE A LOAN COMMITMENT.

 

Copyright  1996 - 2008 Mortgage Resources. All rights reserved.