Exactly About Construction Loans Financing – Apartment Multifamily
7 Construction Apartment Loan Programs – over 100 sources that are direct
With 7 Construction programs to pick from, and over 100 lending that is direct, Apartment Loan will match you because of the Multifamily construction loan system that is correct for you personally.
Apartment Loan Store has specialized in commercial construction financing since 1997. We do construction loans for: Apartment Buildings, Senior Housing/55 and older Communities, Student Housing, and Independent/Assisted Living Senior Housing.
Do You Be Eligible For A commercial construction loan?
Apartment/Multifamily Construction Loan Programs (5 + Devices)
1. FHA New Construction or Major Rehabilitation – 85% – 87% of price, Non-Recourse Construction and Perm Loan
Minimal Loan: $5,000,000 Maximum Loan $25M and above
85% of price for Market Rate Developments, 87% of Cost for Affordable Housing
Construction Loan rolls over seamlessly to 40 year fixed price perm loan
Perm Loan Term: 40 Years, Amortization 40 years
Extremely minimal 40 fixed rate year
1. 5 years after conclusion for absorbtion/stabilization
Perm loan rate is locked just before construction
Non-Recourse construction and loan that is perm
No Tax Statements Required
FF&E might be financed
Draws (average bi-monthly)
No minimum Web Worth Requirement
Minimal Post Closing Cash Requirement
Good Credit Required
2. Personal Institutional Construction Loan – Tall LTC. Seamless Roll Up To Perm
Minimal Loan $4,000,000, Optimum Loan $50,000,000
1 Libor plus 4.00% to 5.00% (interest only month)
Subordinate Mezzanine financial obligation may up be allowed to 90% CLTC
Term as much as three years
Mini perm not necessary
Roll up to Fannie Mae or Freddie Mac perm loan
Draws bi-monthly to monthly
No Pre-payment Penalty
Web Worth needed corresponding to the dimensions of the loan for several key principals combined