Searching for apartment loans in the small balance loan category? First understand the definition and what constitutes a small balance loan?
Apartment loans and multifamily financing for loans less than $5 million has been difficult in recent years, especially those apartment loans with exceptionally low rates and competitive overall terms. That has now changed!
Multifamily financing and small balance apartment loans are now an aggressive loan financing category with lenders fighting for the business. Rates can be as low as 2.875% with fixed periods of up to 10 years, add to that a long amortization period and the newly minted small balance apartment loans become a huge boon to the commercial real estate investor!
Many CRE investors in the multifamily development and apartment building space who specifically invest in smaller B and C class doors and apartment complexes are making the move. Refinancing from what were once low rates at 5.5% can feel like a flood of cash when the new payment is reset!
To find out more and how you can take advantage of low interest rate, small balance apartment loans contact the multifamily experts at Dividend America Commercial Lending. They understand your business and have the apartment loan products that can help you achieve your multifamily financing goals! Click here to apply online.
Lending in all 50 states and focusing on Multifamily Financing and Apartment 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.