OUR SERVICES
Multifamily Real Estate Financing
CommLending utilizes a network of banks, lenders, hedge funds, private equity groups, and more, to build the best possible financing options for your multifamily real estate property or apartment building.
Our goal at CommLending is to provide multifamily loans and apartment building financing capital with no tax returns, no personal guarantee and no recourse.
In most cases, our clients qualify for alternative financing: think somewhere in between conventional loans offered by Fannie Mae and Freddie Mac, and hard money loans.
Multifamily / Apartment Building Loan Product Highlights
- Non-recourse
Cash out
Flexible repayment options
Lifetime floor rate is set at the start rate
Multifamily / Apartment Building Loan Program Highlights
- Interest rates from 4.25-6%
Minimum 680 mid-score
Loan terms at 5, 7, & 10 year fixed rates
30 year amortization & interest only options available
No personal or business tax returns required as income verification
Upwards of 80% LTV
Loan amounts from $1,000,000 to $30,000,000
Non-recourse
Foreign Nationals allowed as long as the borrower has a checking account with a US based bank
We Make Funding Apartment Buildings & Multifamily Commercial Real Estate a Snap for Brokers
Offering non-traditional or alternative financing for apartment buildings and multifamily properties is a great strategy for commercial real estate brokers and mortgage brokers to expand their stategic offering and expand their client base.
To be considered a multifamily or apartment building and qualify for financing, the building must have five or more units (apartments).
CommLending is second to none when it comes to commercial real estate lending and multifamily (apartment building) loans. I highly recommend them!
Multifamily & Apartment Building Loans FAQs
While your rate will be subject to qualification and underwriting, most borrowers that meet our multifamily and apartment building loan guidelines can expect a rate between 4.25 to 6.50%.
While we like to look at the whole deal from a high level, credit does play a role in our approval process for apartment building loans and multifamily financing. Credit scores should be 680 mid-score or higher.
Our multifamily financing and apartment building commercial loans are Non-recourse.
Most multifamily and apartment building loans, as well as other commercial real estate financing offered by CommLending, fall somewhere in between $1,000,000.00 and $30,000,000.00.