Commercial and Apartment Loan Programs for
Washington D.C. and Maryland
Serving the Major Metropolitan Areas of Washington D.C.
and Baltimore
Apartment Loans and 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.
Non-recourse available.
Apartment Loan and Commercial
Mortgage Rates
| LTV |
Program |
Start Rate* |
Margin |
Points* |
Index |
Notes |
| 80% |
3 Yr Fixed
5 Yr Fixed
7 Yr Fixed
10 Yr Fixed |
5.88 6.00
6.11
6.30 |
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 |
6.23 6.35
6.46
6.65 |
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 |
6.30 |
N/A |
0.750* |
Fixed |
Apartments or Mobile Home
Parks |
| 80% |
15 Year Fully amortized loan |
6.65 |
N/A |
0.750* |
Fixed |
Office Buildings, Retail
Centers, R&D, Industrial and Self Storage |
| 80% |
Apartment and Mobile Home
Parks
Adjustable Rate Mortgages
|
6.239 7.138 |
1.400 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
|
6.489 7.388 |
1.650 2.600
|
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: |
80% Apartment Purchase, 75% Apartment Refinance,
80% Commercial Purchase, 75% Commercial Refinance |
|
Loan Size: |
$500,000 (or less) to $25,000,000 for Multifamily ($15,000,000 for Commercial) |
|
Amortization: |
Up to 30 years on Apartments and Commercial |
|
Rate Lock: |
At time of application for 60 days (if desired) |
|
Appraisal Fees (Estimates): |
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.
|
|
Prepayment Provisions: |
Varies - Declining - No Lockouts or Yield Maintenance * Point charges assume $750,000 minimum
|
|
Points: |
Add 0.20% for loans below $750,000 |
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.
On-Line Apartment or Commercial Application
Quick Application
(not completely - also use if your computer
encounters problems with above)
See Also:
Main
Commercial & Apartment Loan Page for many more apartment and commercial
loan programs.
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