Apartment Building Loans

Freddie mac apartment loan program small balance.

Apartment building loans.

One of the best interest rates is from a life company at 3 95 for a 25 year fixed. Freddie mac is another nationwide source of mortgage capital for apartment building financing. Direct can provide financing for all of the following. 7 best apartment building rehab loans 2020 by terry painter mortgage banker member of the forbes real estate council the 7 best apartment building rehab loans in america are ranked based on maximum loan to cost interest rate loan term what it takes to qualify and customer satisfaction.

Apartment loans can be short term or permanent loans that fund the purchase and or renovation of an apartment building with rates from 5 percent to 12 percent. Apartment and multifamily loan rates range from 2 76 for a 35 year fixed fha loan to 4 65 for a 5 year fixed community bank loan. The freddie mac small balance apartment loan program offers many unique and beneficial features for apartment purchases and refinances with a minimum loan size of 1 000 000. No matter what the size of the building we can offer apartment building loans that fit an owner or investor s individual needs.

Investors typically use apartment building financing to purchase properties with more than five units that can generate cash flow build equity increase leverage or earn capital gains. Apartment building loans are a lot like other residential real estate financing.