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Apartment Loan
Quick Links |
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Small
Balance Apartment Loans |
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Today's Apartment Loan Rates |
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Fixed |
Rate |
Term |
Amort |
LTV |
| 10 yr |
6.34 |
10 yr |
30 yr |
55 |
| 10 yr |
6.50 |
10 yr |
30 yr |
65 |
| 10 yr |
6.20 |
10 yr |
30 yr |
80* |
| 30 yr |
6.64 |
30 yr |
30 yr |
80* |
| 5 yr arm |
4.13 |
5 yr |
30 yr |
55 |
| 5 yr arm |
4.33 |
5 yr |
30 yr |
65 |
| 5 yr arm |
4.51 |
5 yr |
30 yr |
80 |
| 5 yr |
6.51 |
6 yr |
30 yr |
75 |
| 7 yr |
6.81 |
8 yr |
30 yr |
75 |
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CommercialBanc
Small Balance
Apartment Loans
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CommercialBanc's
Small Balance
Apartment Loan
Program simplifies
the process of
obtaining apartment
financing for
apartment loans
under $5 million.
Through a
streamlined loan
process, borrowers
save time and money
with reduced
document
requirements and
streamlined third
party reports. The
abbreviated loan
process allows for
quick closings,
often under 30 days
from receipt of
application package. |
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CommercialBanc's Banc-Series™
Small Balance
Apartment Loan
Program offers
borrowers unmatched
performance and cost
savings with low
fixed-rates, up to
85% apartment
financing, and
exceptionally low
closing costs. |
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Apartment Loans
From $500,000 -
$5,000,000 |
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15 and 30 Year
Amortizations
3, 5, 7, 10, 15 Year Fixed
Rate Terms
No
Defeasance or Yield Maintenance
Interest Only
Payment Option
New!
No Lender Points
No
Commitment Fees
Limited Appraisal - No
Environmental
No Replacement Reserves
Monthly / Annual Leases
Acceptable
Substitute Leases With Bank
Statements
A, B and C
Property Types
Considered
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No
Balloon or Call Provisions
Maximum
LTV 80% / 85% CLTV
Step Down Prepayment
Minimum DSC of 1.20:1
Standard
1 Fee Closing Cost
No Outside Legal Fees
60 Day Rate Lock
Limited
Impound Requirements
Section 8 - Subsidized
Rents OK
Assumable at Lender Discretion
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3% Seller Concession Allowed
on Purchases |
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10% Seller 2nd Allowed on a
Case by Case Basis |
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Mixed-Use
Commercial/Residential
Acceptable to
25% Commercial
Use |
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Property
management experience is generally required for properties with 12 or
more units, or property management letter and resume may
be substituted. |
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$5,500 capped 1 fee closing cost for
apartment loans to $5 million. Costs
include standard third party reports
including inspection, appraisal,
engineering, environmental, lender
fees, document fees, and in-house
legal. |
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A direct
correspondent of the
Fannie Mae DUS™
Lender Program,
CommercialBanc offers multifamily
loans from Fannie Mae through its
Agency-Series™ Multifamily Loan
Program, including the
3MaxExpress™,
DUS Mortgage, DUS Plus, and Choice
Refinance. 30 year fixed-rate terms,
extended rate lock
to 365 days, and
supplemental loan
eligibility are a
few of the reasons
borrowers select the
Fannie Mae
multifamily loan
option. |
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CommercialBanc
offers
multifamily loans
from Freddie Mac
through its
Agency-Series™
Multifamily Loan
Program, including
Fixed-Rate
Conventional,
Fixed-Rate Forward
Commitment, Premier
Lease-Up, and
Streamlined
Refinance Program.
Borrowers typically
select a
Freddie Mac
multifamily loan
product for
properties in a
lease-up phase, or
that require
substantial
rehabilitation. |
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