Apartment Loans Mid-Balance Multifamily Mortgages
Commercial Loan Direct provides three (3) Mid-Balance highly customized apartment financing programs to help meet the individual and investment needs and requirements of its borrowers.
Apartment Loans Fannie Mae Mid 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: $2 Million to $25 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 Mid Balance Fannie Mae Apartment loans
Get a Mid Balance Fannie Mae Multifamily Mortgage Quote
Mid Balance FHA Apartment Loans
- 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: 90% for most loans
- Assumable
- Recourse: Non-recourse
Learn more about our Mid Balance FHA Apartment loan program
Apartment Loans Mid Balance Wholesale Multifamily Mortgage
Commercial Loan Direct offers a very competitive and flexible multifamily wholesale loan program.
- 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.
- Terms - adjustable rate: Maximum 5 Years
- Amortization: 20, 25, and 30 years
- Prepayment: Multiple options
- Loan to Value Ratios: 75%
- Assumable
- Recourse: Yes
- Property Types: Multifamily - Apartment buildings having 5 or more units
- Availability: Nationwide
Learn more about our Mid Balance Wholesale Apartment Loans
Get a Mid Balance Wholesale Multifamily Mortgage Quote
Conduit Apartment Loans - CMBS (non-recourse)
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: $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
- Property Types: Multifamily - Apartment buildings having 5 or more units
- Availability: Nationwide
Learn more about our Mid Balance Conduit Multifamily Mortgages