Fannie Rates are down today compared to last week. Below are rates for various apartment loan programs. Please keep in mind Terrix also has other non-traditional/non-apartment specific sources for apartment lending.
Loans about ~$2,000,000+
5 yr – 5.14%
7 yr – 5.55%
10 yr – 5.73%
Non-recourse
Loans ~$750,000 to $3,000,000
5 yr – 5.44%
7 yr – 5.82%
10 yr – 6.02%
Recourse
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
Please call me with specific needs or questions.
Brandon Rogers
Vice President, Shareholder
Terrix Financial Corporation
1777 S. Harrison St., Suite 301
Denver, CO 80210
303-757-7800 (ph)