It can be difficult to locate Apartment Building Loans because many of the providers of these loans, mainly small local and regional banks, now eschew the asset preferring to focus more attention on small business loans. However, apartment building loans are now being provided by alternative lenders who fund all levels.
Many who seek apartment building loans are looking for apartment building purchase money as well as apartment building rehab dollars. For apartment buildings in need of repair and stabilization the go-to type of funding is typically a hard money loan for apartment buildings.
Apartment building loans designed for the acquisition and stabilization of the smaller multifamily assets like apartment buildings are typically bridge lenders and hard money lender/investors. These loans can have high interest only rates but low down payments and are often the best option for a quick closing and for all the money needed for an apartment building purchase.
Additionally, for stabilized assets there are low-rate, long-term senior debt loans for apartment building purchase or apartment building refinances. Take cash-out to upgrade and rehabilitate the building or even for the purchase of another apartment building.
When ready to find out your options, contact the experts here by filling out our online easy app. It’s easy and you can be on the path to a quick approval in no time. Online Easy App.
Lending in all 50 states withe specific interestin markets and submarkets surrounding the Standard & Poor’s Case Shiller Index – Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, BaltimoreShare