admin Attention Investors-Cornerstone Capital Group specializes in apartment building financing programs. 
Get the funding you need to finance apartment buildings.
Simply complete the short apartment building financing application and a commercial loan specilist will contact you right away.
How Apartment Building Financing Works-
There are several things to look for from a commercial mortgage lender when approaching apartment building financing.
A primary goal is to secure a loan that will have low payments over a long term, if possible. This will require a good FICO rating by the borrower.
If the apartment property is mixed use, the borrower should look for a lender that will permit this type of borrowing.
It is important to seek out lenders who offer competitive interest rates and, if necessary, find a lender that allows inclusion of a second position seller take back to at least twenty percent.
This will allow the buyer to make a smaller down payment.
Terms for apartment building financing should, ideally, are variable from twenty to thirty year fixed rates.
Amortization should be up to at least thirty years with loan to value as high as ninety percent.
With conventional bank lenders, there are different types of multifamily and apartment loan programs available. Large Balance Apartment Loans include loans that go up to $5 million dollars and more.
These loans can include a lock into early rates for up to a year, fixed terms that stand from five to thirty years, tired pricing that is based on risk and prepayment options that are flexible.
Small Balance Apartment loans are niche loan programs that can offer as much as eighty percent apartment building financing.
These loans have lower requirements from the DSCR and are much more streamlined a process. This means faster closings and much less documentation, which is a distinct advantage for the borrower.
A Stated Income Apartment Loan is a program that offers loans that range from $500K to as much as $5 million and more.
This type of apartment building financing program usually does not require business or personal income tax returns.
A personal financial statement and operating statements from at least three years are, however, required so that the lender can verify the borrower’s ability to maintain payments on the debt.
This type of apartment financing usually offers 30-year terms.
A Seniors Housing Loan is provided for properties that allow independent living and assisted living arrangements for senior citizens.
This can include specific funding for housing of people with or without Alzheimer’s care.
These types of apartment building financing loans can have Federal Bond Credit Enhancements if the borrower is a non-profit organization or owns senior housing facilities that are affordable by US Government guidelines.
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