Apartment Lender Rate Update Commercial Mortgage

Apartment Loan Apartment Refinance FHA Fannie Mae DUS Freddie Mac: http://t.co/eYzcVNS

FHA 223(F) Rates

Apartment Lender Commercial Mortgage Rates FHA FNMA and SMALL Apartment Loans

Updated Apartment Loans Rate Chart

FHA 223(f) Multifamily Loan Rates 4.5% 35 years

FHA 223(f) Loans Rates 4.5% due to the AAA rating of the GNMA securities Loan amount $2,500,000 and up

This program offers the best rate available for apartment loans and allows for refinancing of debt up to 83.33% and cash out loans up to 75% of value. The process takes about five or six months depending on FHA office and cost a little more than FNMA and Freddie Mac for the reports and FHA exam fee ($3 per $1,000).

The borrower must also hold excess cash flow in an account and only withdraw excess cash flow every 6 months.  Annual Audits of income and expenses and balance sheets are also required.

The interest rates and term (35 years) are the main draw.  With FNMA and Freddie Mac Multifamily operations under Government control and their parent company destined for closure, FHA GNMA MBS securities have become the highest rated mortgage backed securities with the lowest rates.   

This program is not for everyone but for large apartment loans you currently save one or more percent over FNMA or Freddie Mac 10 year loans.

FHA 223 (f) Apartment Loan Rates Agency

 5% $3 M and up 35 yrs
Agency Multifamily Loan Rates 10 yr 5.80% - 7 yr 5.50%
Small Apartment Loan Chicago 5.95

Banks 5-6% 5 years

FHA 223 F Apartment Loan Rates

Apartment Loan Rates Agency 10 yr. 5.75% - 7 yr 5.40% FHA 223(f) 5% including MIP 35 yrs.

Refinancing of LIHTC apartments - Market Rate Apartments FHA 221(d)4 new construction for apartments.

FHA 232 LEAN financing takes over 6 months for refinances but rates are great.

New construction Assisted Living takes about a year under FHA 232 LEAN new construction.

We are working conventionally on deals

FHA 223 F Apartment Loan Rate 2-18

Apartment Loans
We have several bank lending programs available for Chicago, WI, MN and IN.

FNMA DUS rates back up to about 5.85% for ten years The small apartment loan runs about 6.10% for ten years.

FHA 223(f) holding steady near 5% 35 years $3 million min.

Healthcare Assisted Living Nursing Home

FHA 232 223(f) just over 5% for 35 years.

FHA 242 Hospital Refinance 5.85% 25 years

Apartment Loans $750,000 to $5,000,000 Chicago

Fixed Rate non-recourse small apartment loan program.

Loan Amounts: $750,000-$5,000,000
Baltimore, Boston, Chicago, Los Angeles, New York City, San Diego,San Francisco, San Jose (CA), Sacramento, Seattle, and Washington
Fixed Rate Balloon Loans: 5, 7, 10 and 15 year loan terms with up to 30 year amortization terms

Fully Amortizing Loans: up to 30 year terms
Pricing based upon Loan to Value and Debt Service Coverage
Maximum Loan to Value: 75%
Minimum Debt Service Coverage Ratio: 1.25x
Low upfront costs, Low loan fees

http://www.kendallrealtyadvisors.com/smallaptloan.html

FHA 223(f) Apartment Loan Rates

FHA 223 (f) loans have been in the low to mid 5% range including MIP for the last few weeks.

FHA 223(f) New Construction Waivers Update

FHA is now accepting loans on new construction properties that have a certificate of occupancy be allowing a waiver of the three year rule for FHA 223(f) loans for more information go to Apartment Loans