Rehabbing Apartment Properties

By Terry Painter, Mortgage Banker

Member of the Forbes Real Estate Council

July 23, 2014

The question, “Are Bridge Apartment Loans Expensive” is a very good and important question. Why? Because if you do not have strong knowledge and strong experience getting a bridge loan, you could lose a lot of money, lose a lot of time, and gain extreme stress.

If you are very knowledgeable and have much experience in purchasing bridge apartment loans, you have the ability to make good money, save time, and have a positive bridge apartment loan experience.

March 26, 2014

Published March 16, 2014

Rehabbing multifamily apartment properties can be a pretty daunting—not to mention costly and risky—prospect to consider. Is this property rehab-worthy in the first place? If you are purchasing a run-down property, are you getting it for a low-enough price that, in the end, you will not come to the conclusion that you might have been better off demolishing the original structures and rebuilding from scratch? These are questions you may want to ask yourself before beginning any multifamily housing rehab project. 

Published July 9, 2010 

Investing in an apartment is a tried-and-true technique for improving one’s financial portfolio. But apartment investing has certain risks attached to it. Maintaining your apartments in good condition and, at the same time, having these properties rented can be quite stressful. If you have a great location, and your market is good, there will be plenty of renters coming your way. If you are brave enough to face all these risks, the rewards of investing in apartment buildings will come in multitude.

Published July 26, 2010 

Investors and borrowers are looking for ways to stabilize their finances, so they approach commercial loan lenders. One of the things they’re looking into is alternative financing options, such as commercial bridge loans and hard money loans. If you haven’t heard about these two options yet, read this article to increase your knowledge about them. You never know, you might even try these options out, as well. 

Published January 6, 2012 

What criteria is needed to qualify for apartment financing on rehab deals?

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).