Financing for Small Balance Apartment Buildings
Our new small balance loan program is ideal for current apartment building owners, and those making new acquisitions.
Our new loan product can either be used to get cash out of a building which has been appreciating, or following renovations and repositioning. That capital release can be used to expand into new opportunities. Or use it to make new acquisitions. Even on properties which are not yet stabilized, or on which sellers cannot provide great documentation.
These loans can be used on a variety of property types which are normally harder to finance as well, including:
- Mixed use properties – (Must be >60% Residential)
- Senior housing
- Military housing – (not more than 50% concentration)
- Student housing
- Properties with historic tax credits (HTC)
We even finance in smaller markets, outside of major metro centers, enabling investors to capitalize on some of the best emerging markets, yields, and equity growth.
Expanded & Streamlined Apartment Building Loan Features
Our common-sense approach to underwriting and updated features allow for streamlined financing and the challenges investors have been facing in the current market.
- 30 year amortization payments
- No tax returns needed
- Minimal paperwork
- Competitive interest rates
- Low credit scores
- Loans from $750,000 - $8,000,000
- Up to 80% LTV
Talk to one of our apartment building loan specialists for a quote on your next loan today. Or if you are considering selling a multifamily property, make sure you tell your real estate agent and buyers about us, to ensure a fast and smooth closing.