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Apartment Loans - Multifamily Mortgages

Sunday, 25 December 2011


Apartment Loans - Multifamily Mortgages

Apartment lenders offering a wide variety of lending options nationwide. Commercial Loan Direct originates multifamily mortgages for its parent company CLD Capital. CLD offers diverse and aggresively priced apartment lending programs. Our company has partnered with Fannie Mae, Freddie Mac, HUD, FHA, REITs, Conduit, banks, and select institutional investors. CLD is an apartment lender providing highly customized solutions to help meet the investment needs and requirements of its clients.

CLD's Apartment Lender Programs:

  • Small apartment loans - Multifamily mortgages ($1-$5 Million)
  • Mid-balance apartment loans - Multifamily mortgages ($5-$25 Million)
  • Large apartment loans - Multifamily mortgages (No Maximum)
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

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

  • 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

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

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
  • 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

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

  • 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

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