Apartment Loans Small Multifamily Mortgages
Commercial Loan Direct provides three (3) highly customized apartment financing programs to help meet the individual and investment needs and requirements of its borrowers.
Small Apartment Loans Fannie Mae
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: $1Million to $3 Million (up to $5 Million in selected markets)
- Low Fixed interest rate
- Terms: 5, 7, and 10 years
- Amortization: 25 and 30 years.
- Prepayment: Multiple options
- Loan to Value Ratios: 75% for most loans
- Assumable
- Recourse: Yes
- Eligible Properties: Multifamily - Apartment buildings having 5 or more units
- Availability: Nationwide
Learn more about our Small Fannie Mae Apartment loan program
Small FHA Apartment 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
- Recourse: Non-recourse
Learn more about our Small FHA Apartment loan program
Multifamily Small Mortgage Wholesale Loans
Commercial Loan Direct offers a very competitive and flexible multifamily wholesale loan program.
- Loan Amount: $1 Million to $5 Million Loan
- 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 Small Wholesale Apartment loan program
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: $1 Million - $5Million
- 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