Qualifying for Apartment Financing

Published February 25, 2012 

In the first part of “Best Commercial Loan Providers,” we covered that it is important to do well at choosing a good commercial loan provider to work with in acquiring apartment loans. We also gave an example of what can happen when you choose an incompetent loan provider. We gave an example of an investor losing the purchase contract on an apartment building because of the inexperience of the lender.

Published April 5, 2012 

Why is it important to form a recession-proof strategy for acquiring your apartment loans? Because since the recession hit, many more loans are turned down. It’s tougher for a borrower to qualify in this economy. At Apartment Loan Store and Business Loan Store, we’ve seen quite a few people who once would have qualified for an apartment loan but do not qualify today.

Published April 12, 2012 

Last week we covered why it is important to get a recession-proof strategy for acquiring apartment loans. In our challenging economic environment, quite a few loans are turned down because investors don’t qualify. But if you know what it takes to qualify, and have a good strategy that you follow to make sure you qualify, you can win at the game of getting an apartment loan.

Published April 20, 2012 

Published December 21, 2012 

Apartment financing is definitely challenging for the average investor in today’s economy. Prior to the recession of 2008, apartment financing approvals were made first to the solidness of the apartment complex’s income, second to the quality of the property, and third to the borrower.

Published January 12, 2013 

Before reading this article, would you like to see if you qualify for a commercial loan? If you are curious about commercial loans, call 1-866-811-9515 now.

This blog is about the mortgage loan advantages of apartment loans over single-unit building loans. From the investor’s perspective, there is a lot written about why it is advantageous to buy apartment buildings instead of buying just one unit at a time. But did you know there are powerful mortgage loan advantages of having apartment loans versus single-unit building loans?

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.

Published April 1, 2013 

What keeps many experienced investors from qualifying for apartment loans?

This is a continuation of a recent post about the difficulty of qualifying for an apartment loan. Here I’m writing specifically to experienced multifamily investors who have not had apartment loans since the recession hit around 2008.

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).