apartment loans - multifamily mortgages

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Apartment Loans - Multifamily Mortgages

Commercial Loan Direct offers a wide variety of lending options for apartment loans. CLD originates multifamily mortgages nationwide for its parent company Prudential Capital. CLD offers the most popular, diverse, and well priced programs in the marketplace including; Fannie Mae, Freddie Mac, HUD FHA insured, REITs, banks, and select institutional investors. CLD provides highly customized apartment financing solutions to help meet the individual and investment needs and requirements of its borrowers.

Multifamily Mortgage Programs:

Multifamily building definition

In addition to traditional multifamily mortgages CLD also provides financing for:

Seniors Housing Loans , Student Housing Loans, Affordable Housing Loans, Manufactured Housing Community Loans, Bridge Loans, and Construction Loans

Small Mortgages ($1 Million to $5 Million)

Small Fannie Mae Loans

  • Low Fixed interest rate
  • Term: 5, 7, and 10 years
  • Amortization: 25 and 30 years.
  • Prepayment: Multiple options
  • Loan to Value Ratios: 75% for most loans
  • Assumable
  • Recourse: Yes

Learn more about our Small Fannie Mae apartment mortgages

Small FHA Loans

  • Loan Amount: $3-5Million
  • Low Fixed interest rate
  • Term & Amortization: up to 35-40 yrs
  • Prepayment: Multiple options
  • Loan to Value Ratios: 90% for most loans
  • Assumable Loans
  • Recourse: Non-recourse

Learn more about our Small FHA loan program

Small Wholesale

  • Term - fixed rate: 2, 3, 4, 5, 6, 7 and 8 Years
  • Adjustable rate available
  • Amortization: 20, 25, and 30 years
  • Prepayment: Multiple options
  • Loan to Value Ratios: 75% for most loans
  • Assumable Loans
  • Recourse: Yes

Learn more about our Small Wholesale loan program

Small Conduit (non-recourse)

  • Pricing: Low fixed interest rates over U.S. Treasury
  • Term: 5 - 20 years
  • Amortization: 30 Years Maximum
  • Prepayment: Multiple options
  • Loan to Value Ratios: 80%
  • Assumable Loans
  • Recourse: Non-recourse

Learn more about our Small Conduit loan program

Mid Balance Loans ($5 Million to $25 Million)

Mid Balance Fannie Mae Multifamily Programs

  • Loan Amount: $2 Million to $25 Million
  • Low Fixed interest rate
  • Term: 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

Learn more about our Mid Balance Fannie Mae loans

Mid Balance FHA

  • Loan Amount: $5 Million to $20 Million
  • Low Fixed interest rate
  • Term & Amortization: up to 35-40 yrs
  • Prepayment: Multiple options
  • Loan to Value Ratios: Up to 90%
  • Assumable Loans
  • Recourse: Non-recourse

Learn more about our Mid Balance FHA loan program

Mid Balance Wholesale Multifamily Mortgage

  • Loan Amount: $5 Million to $10 Million
  • Terms - fixed rate: 2, 3, 4, 5, 6, 7 and 8 Year Loan Terms Available for Fixed Rate Products.
  • Term - adjustable rate: Maximum 5 Years
  • Amortization: 20, 25, and 30 years
  • Prepayment: Multiple options
  • Loan to Value Ratios: 75%
  • Assumable
  • Recourse: Yes

Learn more about our Mid Balance Wholesale

Mid Balance Conduit

  • Loan Amount: $5 Million to $25 Million
  • 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

Learn more about our Mid Balance Conduit Multifamily Programs

Large Balance Loans (No Maximum)

Large Balance Fannie Mae Multifamily Mortgages

  • Low Fixed interest rate
  • Term: 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

Learn more about our Large Balance Fannie Mae

Large Balance FHA

  • 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 program

Large Balance Conduit Multifamily Mortgages

  • 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

Learn more about our Large Balance Conduit Mortgages

Multifamily building/complex definition - a building with 5 or more apartments or units. There can be multiple apartments on each floor and there are often multiple floors. Apartment buildings can range in many sizes, some with only a few apartments, other with hundreds of apartments on many floors, or any size in between. There are often inside hallways and inside entrances to each apartment, but outside entrances to each apartment are also possible. An apartment building can be owned by one or multiple entities and each of the apartments is rented to tenants.