Buy an Apartment Building with Bad Credit

Credit Challenged Investor Challenges Buying an Apartment Building

Buying a large commercial property with poor personal credit history is not an easy task. You will need to find a lender who is willing to lend you money for your purchase. There are some lenders who will consider your assets or income as collateral against the loan instead of requiring a significant amount of personal credit. There are a few scenarios when you can buy a property without a great credit history, but we are going to teach you how to do it with a special type of loan.

When Can You Purchase an Apartment Building?

You can purchase a rental property such as an apartment building without personal credit history on your first property purchase. There are no past personal credit goals to establish this way, why delay profits from potential investments?

What is the Best Loan for Apartment Buildings

There are several investment options for investors who want to expand into commercial property and apartment loans are one option that might work for you. Investing in an apartment is a big decision though, so you want to make sure you choose the right one.

Deciding how to move forward with apartment loans can be challenging, but with the right information, you can determine the best loan options for your investment property needs. Review this guide to choosing the right apartment loans for your situation.

What Types of Apartment Loans Are Available?

The term “apartment loans” is a broad term that applies to multiple types of investment property financing options. Narrowing down the right loan option for your property can be difficult.

Phoenix, Arizona is the hottest city in the United States. Temperatures regularly reach over 100 degrees, and it’s over 90 for almost half the year. It’s also home to Alliance Residential, the fourth-largest multifamily property management company in the country.

According to Property Manager Insider, Alliance managed 110,712 units in 2019, and it’s the fastest-growing company on the list. This privately held company may be headquartered in Phoenix, but it operates in 33 housing markets across the U.S.

Apartment investment loans for tental units in Arizona is growing.

Brad Cribbins, President and COO of the company’s management division, credits the company’s culture with its rapid growth. As he tells Multifamily Executive:

Apartment Building Financing

Interested in buying your own apartment building? You came to the right place, we are the best mortgage lenders for apartment building financing, especially for the credit challenged investors.

There’s certainly a lot to be excited about.

Owning your apartment means massive rent checks every month.

It also offers an extra level of security because, even when you’re not at 100% occupancy, you’ll always have some amount of cashflow.

Still, before you can begin enjoying these benefits, you need to understand what apartment building financing entails. Keep reading to learn more about 4 of the best options for securing and apartment building loan.

Streamlined Financing for Small Apartment Buildings using Stated Income

Small apartment buildings and multifamily properties are currently offering up some of the best returns for investors. What financing options are there for investors seeking to add apartment buildings to their portfolios?

Small Balance Apartments

Smaller balance apartment buildings and multifamily properties are among the top property types for investors right now. After several years of giant funds chasing single family homes and larger commercial property deals in prime locations, smaller multi-unit properties can provide some of the most attractive deals for yields and growth.

In the past it hasn’t always been easy for real estate investors to find financing for small balance apartments. Lenders have preferred to put their capital into larger deals. Our new apartment building loan program changes that lender mentality with some of the most attractive rates offered in today’s market on a National level.