Apartment Loans Large-Balance Multifamily Mortgages
Commercial Loan Direct provides two (2) Mid-Balance highly customized apartment financing programs to help meet the individual and investment needs and requirements of its borrowers.
Apartment Loans Fannie Mae Large Balance Multifamily Mortgages
Commercial Loan Direct as a correspondent of the Fannie Mae program is now offering fixed rate funding on loans for multifamily properties. These loans are available nationwide on properties with 5 or more rental units, and will be funded under the Fannie Mae Delegated Underwriting Services Program.
- Loan Amount: Over $2 Million
- Low Fixed interest rate
- Terms: 5, 7, 10, 15 or 18 years
- Amortization: 20, 25 and 30 years.
- Prepayment: Multiple options
- Loan to Value Ratios: 75% to 80% for most loans (90% if new LIHTC Project)
- Assumable
- Recourse: Non-Recourse
- Eligible Properties: Multifamily - Apartment buildings having 5 or more units
- Availability: Nationwide
Learn more about our Large Balance Fannie Mae Apartment loans
Get a Large Balance Fannie Mae Multifamily Mortgage Quote
Large Balance FHA Apartment Loans
- Loan Amount: $20 Million to over $250 Million
- Low Fixed interest rate
- Term & Amortization: up to 35-40 yrs
- Prepayment: Multiple options
- Loan to Value Ratios: 90% for most loans
- Assumable
- Recourse: Non-recourse
Learn more about our Large Balance FHA Apartment loan program
Apartment Loans Large Conduit Multifamily Mortgages
The Commercial Mortgage Backed Securities market is one of the fastest growing segments of the commercial mortgage industry. Just as not all projects fit Fannie Mae or FHA financing guidelines for qualified multifamily and health care/seniors housing, so too, not all commercial real estate can be financed utilizing the same financing structure.
- Loan Amount: $2 Million No Maximum
- Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
- Term: 5 - 20 years
- Amortization: 30 Years Maximum
- Prepayment: Multiple options
- Loan to Value Ratios: 80%
- Assumable
- Recourse: Non-recourse
- Property Types: Multifamily - Apartment buildings having 5 or more units
- Availability: Nationwide
Learn more about our Large Balance Conduit Multifamily Mortgages
Get a Large Balance Conduit Multifamily Mortgage Quote