Select Commercial is pleased to announce a new program for the purchase or refinance of apartment buildings with the lowest rates and best terms we have ever offered!
Here are the features and benefits of these loans:
- 5 year fixed rates as low as 3.05% today.
- Nationwide lending. Metropolitan markets preferred.
- Rates fixed for 5, 7, or 10 years.
- Adjustable rate option after conclusion of initial fixed rate.
- 30 year amortization.
- Interest Only payments allowed.
- Easy step-down prepayment penalties (no yield maintenance or defeasance).
- Up to 80% LTV ratio.
- As low as 1.20x debt service coverage ratio.
- Many prepayment options to choose from.
- Free rate lock for up to 90 days.
- Loans from $1,500,000 and up.
- Conventional multi-family (5+ units), including housing with tax abatements and Section 8 vouchers.
- Loans for purchase or refinance.
- Cash-Out refinances acceptable.
- Tax escrows, Insurance escrows, and Replacement Reserves may be waived (subject to applicable guidelines).
- Credit scores as low as 650 acceptable.
- Very low application fees.
If you have a deal to discuss with us, please feel free to call us at 1-877-548-9454 or click here to complete an online inquiry.