Commercial Mortgage Group

Small Balance Apartment Loans
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Loan Programs for Small Balance Apartment Properties- Multifamily Apts.(+5 units) By partnering with the leaders in small balance commercial lending we are able to offer programs based on the borrowers financial and credit strength in a residential style  underwriting approach. We offer full doc and stated programs.

Program Highlights- Loan Size $100,000 - $1,000,000 ( small balance program available for requests up to $5,00,000 - Apartments only)
 

• Bank competitive pricing
• 48-hour pre-approvals
• Unlimited cash out
• High LTVs and CLTVs- up to 90% of property value
• Streamlined underwriting
• Quick closings

 

 

 

 

In addition to the above attributes, the program also eliminates some of the unwanted features of traditional lender programs.

• NO lender points
• NO yield maintenance
• NO mandatory lockouts
• NO loan committees
• NO loan to one borrower limits

 

• Subordinate financing - Seller seconds up to 20% of property value, 90-95% CLTV
• Long terms and amortizations-15, 20, and 30 year fully Amortizing loans.
• Multiple pricing options
• Minimal costs

This program is ideal for borrowers who meet the following criteria:

 

. 600+ middle credit score
. Low debt relative to their income
. Willing and able to fully document their income
. At least 2 months of principal and interest payments in liquid assets
. No bankruptcies within the last 7 years.