apartment loans - multifamily mortgages

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Apartment Loans - Multifamily Mortgages

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

CLD's Apartment Lender Programs:

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: Apartment lender approval
  • Recourse: Yes
  • Available: Nationwide apartment lender

Learn more about our Small Fannie Mae multifamily 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: Apartment lender approval
  • Recourse: Non-recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Yes
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-Recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Yes
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-Recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-recourse
  • Available: Nationwide apartment lender

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: Apartment lender approval
  • Recourse: Non-recourse
  • Available: Nationwide apartment lender

Learn more about our Large Balance Conduit Mortgages

Commercial Loan Direct is a national apartment lender providing financing nationwide.