7 Construction Apartment Loan Programs – over 100 sources that are direct
With 7 Construction programs to pick from, and over 100 lending that is direct, Apartment Loan will match you with the Multifamily construction loan system that’s right for you personally.
Apartment Loan Store has specialized in commercial construction financing since 1997. We do construction loans for: Apartment Buildings, Senior Housing/55 and older Communities, Student Housing, and Independent/Assisted Senior that is living Housing.
Do You Be Eligible For A commercial construction loan?
Apartment/Multifamily Construction Loan Programs (5 + Units)
1. FHA New Construction or Major Rehabilitation – 85% – 87% of price, Non-Recourse Construction and Perm Loan
Minimal Loan: $5,000,000 Maximum Loan $25M and above
85% of price for Market Rate Developments, 87% of Cost for Affordable Housing
Construction Loan rolls over seamlessly to 40 fixed rate perm loan year
Perm Loan Term: 40 Years, Amortization 40 years
Extremely minimal 40 fixed rate year
Eighteen months after conclusion for absorbtion/stabilization
Perm loan rate is locked just before construction
Non-Recourse construction and perm loan
No Tax Statements Required
FF&E might be financed
Draws (average bi-monthly)
No minimum Net Worth Requirement
Minimal Post Closing Cash useful reference Requirement
Good Credit Required
2. Personal Institutional Construction Loan – Tall LTC. Seamless Roll Up To Perm
Minimal Loan $4,000,000, Optimum Loan $50,000,000
1 Libor plus 4.00% to 5.00% (interest only month)
Subordinate Mezzanine financial obligation may be permitted up to 90% CLTC
Term as much as three years
Mini perm perhaps not required
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