Great investment opportunities exist with apartments. Apartments serve as a great form of securitization for a commercial mortgage. They also prove to be great income properties, as apartments that are managed well can bring in positive cash flows at the same time as equity is being created.
Difference between residential loans and Commercial loans
If you are considering buying a property of four units or less, it is considered as a home loan. However a property of five units or more is considered as a commercial loan. Commercial mortgage loans can be obtained at different variable interest rates as compared to residential loans.
Eligible property types include, Section 8 HAP contracts, expiring Low Income Housing Tax Credits, refinancing of tax exempt-bonds, properties with existing RD 515 and RD 538 loans and loans insured under Section 202 and 236 of National Housing Act.
Independent Living, Assisted Living, and Assisted Living with Alzheimer’s, in any combination or standalone. Properties must be built to specifically meet the housing needs of seniors.
Existing, stabilized properties that have a student tenant base and are not readily convertible to conventional multifamily housing. Properties typically have undergraduate or graduate students comprising a minimum of 80% residency that were specifically constructed as student housing facilities, or built as conventional multifamily housing that function as dedicated student housing. Eligible properties typically are located at or near a college or university with a minimum of 10,000 students, the majority of which are full-time. Property should be located within a two mile radius of campus.
Properties with more than a 20% military tenant concentration, or the subject’s market is heavily influenced by a military base.
If you are considering purchasing or refinancing of existing, stabilized properties including: traditional, affordable housing, senior housing, student housing, and manufactured housing communities contact Lending Tower.
Multifamily Loan Programs
- Fannie Mae Financing
- Freddie Mac Financing
- FHA Financing
- Construction Financing
- Seniors Housing Financing
- Affordable Housing Financing
- Student Housing Financing
- Military Housing
- Conventional Multifamily Financing
- Conduit / CMBS Multifamily Financing
- Commercial Real Estate Insurance Financing
- USDA Financing
- Manufactured Housing Financing
- Bridge Financing
- Construction Financing
- Cooperative Housing