Apartment Loans

Apartment loans can be tricky to get. There are DUS lenders, conduit sources, traditional banks and insurance companies that all compete for the apartment portfolio of business. It is nice to know what your options are and which sources will provide the best loan structure for you. Often a low interest rate comes at the expense of a high prepayment penalty. A higher LTV normally is accompanied by a higher interest rate. There are many options to consider before locking in a loan for your apartment complex.

Hiring an expert to help you through this process can be essential. Brokers typically know what types of offers are available and from which source you will expect to get what best fits your needs. Brokers can get several quotes lined up for your review; however, this may not be needed if the broker can identify the right lender for your needs. Brokers also know all the options available. They close several loan transactions each year and know by experience what can be done for your circumstances.

Pinning down the right loan for your apartment can be difficult. Take some of the headache out of it by hiring a professional to assist you. You will be glad you did.

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