National Commercial Property Loans provides a wide variety of financing options for multifamily (5 or more units) and Apartments.
A. $150,000 to $25,000,000
B. Full Documentation or Stated Income
i. Stated loans are available that allow Borrower’s to provide very little
information to Lender. The property’s NOI is the primary
consideration.
C. Purchase
i. Up to 95% CLTV loans
ii. 90% LTV
iii. Pick A Pay Loans available
• Allows borrower to select from: interest only; fully amortized
or negative amortization at each month’s payment.
D. Refinance
i. New Rate and Term
ii. Cash Out
E. Construction
i. New construction
ii. Rehab
iii. One (1) time close loans available
1. Construction to Permanent
F. Bridge loans
i. Gap funding between purchase or construction and stabalization
G. Conduit Loans
i. Purchase or Refinance
ii. Best interest rates and non recourse available
iii. Minimum loan $2,000,000
H. Debt Service Coverage Ratio (DSC)
i. 1.2 DSC for multi-family
I. Fannie Mae Loans
i. Minimum loan $1,000,000
National Commercial Property Loans provides several direct, highly competitive commercial real estate loan products for qualified properties with commercial mortgages up to $30 million plus.
National Commercial Property Loans provide multifamily loan financings for properties ranging from $500,000 to $30 million. We finance multifamily loans and specialize in both purchase and refinance transactions.
Advantages of National Commercial Multi-Family loan finance program include:
- Multifamily loan LTV’s up to 95%
- Loan terms up to 30 years
- Flexible multifamily loan amortization rates
- Potential for non-recourse multifamily loans
- Low/no pre-pay penalties
- Financing for mixed-use properties
- Potential for assumable financing
