FHA 223(f) Apartment Refinance and Purchase

Friday, August 12, 2011

Apartment Lender Chicago Loan Closing - Rates and Bank Lending Status


Kendall arranges $2,100,000 first mortgage on Glenlake Apartments. The property was original rehabbed at a cost of close to $5,000,000 but the condo lender Private Bank discounted the loan by $1,000,000 and released another $500,000 from the property loan.

The borrower was given 12 months to receive a discounted pay-off by the originalcondominium construction lender. Several banks declined the loan but Kendall was able find a lender for the borrower even if he had very high leverage.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.

The loan is fixed for 3 years at 5%.

Saturday, August 6, 2011

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.


Friday, April 22, 2011

FHA 223(F) Rates

Apartment Lender Commercial Mortgage Rates FHA FNMA and SMALL Apartment Loans
Updated Apartment Loans Rate Chart

Thursday, April 14, 2011

Wednesday, April 13, 2011