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Apartment Loan Rates

What Does it Take to Get an A+ BBB rating for an Apartment Loan Business?

August 19, 2014

It takes putting the customer in your mind’s eye as the most important part of your business. Yes, the customer comes first when it comes to running a multifamily loan business and commercial loan business.

Our attitude needs to be, “How can it be any other way?” Either you are for the customer or you are not, because if you are compromising your customer service, you are not very much for the customer. At ApartmentLoanStore.com, a division of Business Loan Store, we are very proud of our A+ Better Business Bureau rating.

Commercial Lender

May 12, 2014

A commercial lender makes loans to commercial real estate investors or to a business, but not to an individual. Loans made to individuals are called consumer loans. Real estate loans made to individuals for one to four residential units are consumer loans called residential loans. Commercial lenders usually make loans on properties with five units or more. In most cases, commercial lenders make loans to properties that are zoned commercial.

Terms of Fannie Mae Apartment Financing, Part 1

April 1, 2014

Fannie Mae apartment loans have some of the lowest rates and best terms available in America today for multifamily properties of five units or more. In 2013, Fannie Mae purchased and guaranteed loans from mortgage lenders totaling $28.5 billion dollars. Fannie Mae pools these loans and sells them as mortgage-backed security investments on Wall Street. Here are some of the terms of a Fannie Mae apartment loan:

Apartment Loan Rates: How Are They Determined?

March 27, 2014

Most community banks borrow money wholesale and sell it to you as an investor in apartment buildings at retail. So how are apartment loan rates determined? Most banks borrow money from other banks or from the Federal Reserve, and almost always on the short term (which means they have to pay it back on the short term). These community banks know their cost of funds and add on a margin of profit.