Below are rates for various apartment loan programs. Please keep in mind we also have non-traditional sources for apartment lending.
Loans about $3,000,000+
5 yr – 5.34%
7 yr – 5.77%
10 yr – 6.02%
Non-recourse
Loans $1,000,000 to $3,000,000
5 yr – 5.50%
7 yr – 5.89%
10 yr – 6.11%
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