Small Balance Apartment Loans under $1M

Small Balance Apartment Loans under $1M 2018-05-18T05:58:03+00:00

Looking for an apartment loan under $1,000,000

The landscape of commercial loans especially multifamily loans under $1,000,000 is an underserved market.  The options for these types of loans usually fall to a bank with shorter terms and amortization.   To those investors or borrowers that want longer terms and  amortization schedules there are some options available to you.    Let us know how we can help!

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OPTIONS FOR ALL PROGRAMS

  • Loan Amount: $250K-$1MM
  • Loan Purpose: Purchase, Cash Out, Refinance
  • Loan Product: 5-Year and 7-Year Hybrid
  • Rates: 6-9%
  • Amortization: 20, 25, 30
  • Min. Middle Credit Score: 650
  • Eligible Markets: Top 200 MSAs
  • Eligible Borrowers: U.S. Citizens,
    Permanent Resident Aliens, Legal Entities
  • Index: Wall Street Journal Prime Rate
  • Property Types Tier I: Multifamily and Mixed-Use
  • (Residential)

  • Standard Prepayment Fees: 5% For First 3 Years