Apartment Loan rates FHA FNMA

Apartment loan rates FHA A7 223F fast service low fees great rates

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Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.

Eight Apartment Loans Committed 1st Four Closed

Kendall Realty Advisors close four apartment loans using bank financing.

Kendall arranged a commitment on eight apartment buildings and the first phase closed.

The loans were for apartments and mixed use buildings. One of the buildings contains the office of a US Congressman. The borrower requested a five year fixed rate loan and low prepayments.

Kendall was able to arrange five year fixed rate loans at 5.25% with one property at 0% prepayment and the rest with a half of one percent prepayment.

Unlike the loan we placed on the Glenlake Apartment Chicago MB Bank which had a yield maintenance prepayment penalty and was only three years long. Although MB was the only bank in town that would lend to that borrower due to his financial condition.

Small Apartment Loan Chicago

Fixed Rate non-recourse small apartment loan program.

Loan Amounts: $750,000-$5,000,000 DUS no maximum loan amount

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 or Costs: 80%

Minimum Debt Service Coverage Ratio: 1.25x

Low upfront costs, Low loan fees

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

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