It's true! 100% Apartment Financing is available to Buy Apartments today! 100% Apartment Financing disappeared during the crash, however, we know have a fund with two tranches of $200mm a piece ... that's over $400mm to lend to experienced commercial real estate investors to purchase apartment buildings and multifamily communities.
Apartment communities and Multifamily development loans for the purchase of apartment communities and multifamily developments are available through this special 100% loan program. The 100% Multifamily Development purchase loan is used by commercial real estate investors that want to limit the amount of money they invest in down payments and instead use that money as reserves and for repairs and modernization.
The 100% Apartment Financing qualifications are simple. The borrower must have experience in the size multifamily development being purchased, they must have reserves ranging from 10-20% of the purchase price and they must be willing to allow the lender to become an equity investor in the upside value growth and profit distributions of the project.
The great thing about this 100% Purchase Loan for Multifamily Developments and Apartment Communities is that it allows cash strapped, experienced commercial real estate investors to buy apartments without having to struggle to located an equity partner that will typically require they give up 50% or more of ownership in the project. The investor owns the project and controls the flow of money from the very first day! .. and they can buy out the partner at any time, most do this through a refinance using a conventional loan at stabilization within the first year of owning the project.
To find out how you can save cash and expand your apartment community and/or multifamily development portfolio call the President of Dividend America Commercial Lending, Michael Gross, direct at 404-819-4511 or visit their web site and fill out the easy app for quick answers to your question and fast qualification!
Loans available in all 50 states! We have consultants in Atlanta, GA, Phoenix, AZ, San Diego, CA, Chicago, IL, Charlotte, NC.