LOAN CHECKLIST
Owner Occupied Property Checklist for Refinance
- 2017, 2018 and 2019 Year Profit and Loss – Business
- 2017, 2018 and 2019 Year Balance Sheet – Business
- 2017, 2018 and 2019 Business Tax Returns
- Personal financial statement or 1003 Business Debt Schedule
- Last 2 Months Bank Statements – Business
- Last 2 Months Bank Statements – Personal
- Borrower Resume
- Borrowers Driver’s License
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.