Apartment Building Loans

Apartment loans can be short term or permanent loans that fund the purchase and or renovation of an apartment building with rates from 5 percent to 12 percent.

Apartment building loans.

Apartment and multifamily loan rates range from 2 76 for a 35 year fixed fha loan to 4 65 for a 5 year fixed community bank loan. One of the best interest rates is from a life company at 3 95 for a 25 year fixed. Direct commercial funding offers the financing investors and owners need to purchase build or refinance an apartment building. Direct can provide financing for all of the following.

In the middle is a 15 year fixed fannie mae loan at 3 65. Apartment building loans are a lot like other residential real estate financing. Freddie mac apartment loan program small balance. Freddie mac is another nationwide source of mortgage capital for apartment building financing.

Investors typically use apartment building financing to purchase properties with more than five units that can generate cash flow build equity increase leverage or earn capital gains. It all starts with a property borrower and lender and it all ends if all goes well with a closed loan and newly purchased or refinanced property.