Small Commercial Expert: April 2015

Multifamily Financing with Low Interest Rates

Multifamily Financing

Multifamily financing and low interest rates are here, but they are not here to stay.  Today interest rates in multifamily financing and apartment loans can be as low as 2.99% on loans with amortizations as long as 25 years!  These phenomenal rates are here now, but they won't be for long.

Savvy investors are completing rate and term refinances to obtain the lowest rates.  Even more experienced investors are completing cash out refinances of their multifamily financing and apartment loans to receive rates in the high 3% to low 4% range.  Imagine the cash flow that is created from converting a multifamily financing or apartment loan in the 5, 6 or 7% range.

Multifamily Financing and Apartment Loans with Prepayment Penalties

Investors with multifamily financing and apartment loans that currently have prepayment penalties are refinancing anyway.  A simple calculation can be done to determine if a refinance of a multifamily financing or apartment loan is the right choice.  As a general rule if the loan rate is fixed for 5 to 7 years and the payment savings can recoup the prepayment penalty in under 24 months, then a refinance of the existing multifamily financing is a good decision.

For an analisys of your multifamily financing to determine if refinancing makes sense contact Michael Gross, President, Dividend America Commercial Lending at 404-5496756 or email your questions or executive summary to info@dividendamerica.com

Lending in all 50 states and focusing on Multifamily Financing and Aapartment Loans in the markets and submarkets listed in the S&P Case Shiller Home Price Index and the surrounding secondary markets to those cities.  We look for opportunities in:  Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore.

#Multifamily #Apartment

Comment balloon 0 commentsMichael Gross • April 24 2015 10:15AM
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