Apartment Loan Rates
Getting a Longer Fixed-Rate Period
Published January 5, 2013
Call 866-811-9515 today to see if you pre-qualify for commercial loans – especially an apartment loan.
Did you know that back in the Depression, Roosevelt made it possible for increased numbers of people to own homes? At the time, as you can imagine, there were a tremendous number of foreclosures, and not many people could afford to own their own homes.
Apartment Bridge Loans 101
Published August 5, 2013
Do you need a bridge loan—also known as a hard money loan—instead of a conventional apartment loan to purchase or refinance an apartment building?
Conventional permanent loans, the ones with the best long-term fixed rates, require that the property:
1) Be in good condition.
2) Have 90 percent occupancy for a minimum of 3 to 12 months
3) Have 12 to 24 months of good net operating income (gross income minus expenses).