They have nationwide Apartment Building financing for:
Purchase,, refinance & cash out up.
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Best of all, they don't have any upfront fees.
There are many commercial lenders who do multifamily financing. The sweet spot is 7- and 10-year, fixed-rate, 80% LTV financings, although terms and rates will depend on the location, property type, types of tenants served and owner financial profile. Top producers of multifamily loand are: Berkadia, http://www.berkadia.com/default.aspx, Wells Fargo Multifamily Capital https://www.wellsfargo.com/com/financing/real-estate/multi-f and Walker & Dunlop http://www.walkerdunlop.com and NorthMarq Capital http://www.northmarq.com. These are the neations top producers of apartment loans. HUD has several programs: http://portal.hud.gov/hudportal/HUD?src=/program_offices/hou
So does the North Carolina Housing FInance Agency: http://www.nchfa.com/rental/RDweoffer.aspx
There are plenty of potential pitfalls in purchasing an apartment complex. For example, you may be required to bring the entire building up to code, or make all the first floor units fully accessible to handicapped tenants, or do a remediation if there have been mold, lead, or certain controlled substances in the building. You should have a good set of professionals experienced with multifamily development, renovation, operation and financing to assist you in the evaluation and purchase of this property type. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click.
John Vickers, KW Commerical (704) 575-0667, firstname.lastname@example.org.
Kathleen Turner, ABR, CRS, ePro
If you would like us to review your apartment financing request.
Please call us at 248-246-2243 or email us at email@example.com
Check us out online at http://www.winstonrowe.com