Due Diligence

Published April 20, 2012 

Published December 14, 2012 

The simple answer is that it takes about 60 days to close an apartment loan. At times, unforeseen delays can make it longer. If we give your loan priority status, perhaps it can close in as little as 50 days. However, the amount of time can vary greatly, depending quite a bit on the experience and sincere effort of your commercial mortgage broker.

Published January 17, 2013 

In commercial finance, they say cash flow is king. But what exactly is cash flow in the eyes of a financier?

The net operating income is the dollar amount used to calculate repayment ability. This is the gross income less the normal operating expenses. What are normal operating expenses? Well, many times it is in a property owner’s best interest to report as much expense as possible in order to avoid tax liability. It is a good thing to pay the least amount of taxes possible—until it comes time for financing.

Published February 28, 2013

If you would you like to save time and money in purchasing or refinancing apartment loans, read this post.

Since the recession hit in 2008, it has been more difficult to get an apartment loan. Even wealthy, experienced multifamily investors often have a tough time now getting an apartment loan. They may have high net worth, but they lack the amount of liquidity needed. Or the property they want to refinance is now more difficult to refinance because of tougher requirements of the lender.