Rates are down!! When was the last time you saw a fixed rate starting with a 4?? Apartments continue to be the least difficult type of property to finance.
Below are today’s rates for select apartment loan programs. We do have other options for different scenarios.
Loans ~$2,000,000+
5/30 4.94% non recourse
7/30 5.41% non recourse
10/30 5.61% non recourse
70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this avoids the prepay penalty)
Loans ~$750,000 to $2,000,000+
5/30 5.25% recourse
7/30 5.65% recourse
10/30 5.91% recourse
70-80% LTV, cashout okay, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this avoids the prepay penalty)
Loans $500,000 to $2,000,000
3/30 6.25% recourse, low cost, flexible prepay
5/30 6.75% recourse, low cost, flexible prepay
Brandon Rogers
Vice President, Shareholder
Terrix Financial Corporation
1777 S. Harrison St., Suite 301
Denver, CO 80210
303-757-7800 (ph)