Apartment Financing

Don’t let another good deal pass you by. We have access to hard money lenders who offer bridge financing for new purchases and construction on apartments. Many of the loan requests we have seen lately have been for under performing properties, of which many have been bank owned. Our borrowers have negotiated the notes down to a reasonable amount and put as little as 10% of their own cash down toward the purchase.

Once the project has performed at an 85% occupancy for 3 months or more, we have refinanced these loans with some portfolio lenders to stabilize the properties with long term debt. The long term debt is typically non recourse with rates in the mid to high 5’s. This has proven an excellent strategy for borrowers who want to aggressively grow their multifamily portfolio.

Some of our lenders will also enter into a joint venture (JV) with the right borrower and under the right circumstances. This may be a good option for those who don’t have cash to put down toward the purchase of the units but want to put in sweat equity on their deal. In any case, give us a call. We want to look at your apartment loan and help you navigate to the best lender.

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