Fannie Mae rates have been up and down (mostly up) until recently. Late last week we saw a nice decline. Below are rates for various apartment loan programs. Please keep in mind we also have non-traditional sources for apartment lending. If you have clients who need financing – please keep me in mind – we’ll find the best options for your clients’ needs in the marketplace today.
And don’t forget – our annual Summer Party is at the Wash Park Boat House this Wednesday from 4-7 PM – We’ll have food, drink, music and it should be a beautiful afternoon in the park – Please come on by!
Loans about $3,000,000+
5 yr – 5.41%
7 yr – 5.85%
10 yr – 6.04%
Non-recourse
Loans $1,000,000 to $3,000,000
5 yr – 5.52%
7 yr – 5.94%
10 yr – 6.16%
Typically recourse – but non-recourse may be available
Loans $500,000 to $2,000,000
3 yr – 6.25%
5 yr – 6.625%
7 yr – 6.75%
Recourse, there is some flexibility in these rates for the right deal
Brandon Rogers
Vice President, Shareholder
Terrix Financial Corporation
1777 S. Harrison St., Suite 301
Denver, CO 80210
303-757-7800 (ph)
720-880-5122 (direct)
www.terrix.com