Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Portfolio Program
Bank Apartment & Commercial Loans
In addition to agency programs from Fannie Mae and Freddie Mac, we arrange many bank and portfolio loan programs. Agency lenders usually offer the lowest rates, but bank programs provide flexibility for situations agencies will not touch: properties that need repairs, loans that require cross collateralization, Section 8 and HAP tenants, gift down payments, and long-term amortization with no balloon. Compare today’s commercial mortgage rates.
Get a Free QuoteBank Apartment & Commercial Rates & Terms
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.18% | 80% |
| 7 Year Fixed | 6.14% | 80% |
| 10 Year Fixed | 6.28% | 75% |
- Portfolio and bank programs beyond agency lenders
- Loan amounts from $1,500,000 to $10,000,000+ nationwide
- Up to 80% LTV on purchases and 75% on refinances
- Flexible, relationship-based underwriting
- Options for properties needing repairs or updating
- Long-term amortization with no balloon available
Rates are indicative and update with the market. Bank underwriting determines final terms.
When a Bank or Portfolio Loan Fits
In addition to agency programs from Fannie Mae and Freddie Mac, we arrange many bank and portfolio loan programs. Agency lenders usually offer the lowest rates in the market, but a borrower is often better off with a bank or portfolio loan in situations agencies will not touch. Bank programs are a strong fit for:
- Properties in need of repairs, maintenance or updating
- Loans that require cross collateralization with other properties
- Properties with HUD contracts, HAP contracts or Section 8 tenants
- Purchases where the down payment is a gift from family members
- Borrowers who want long-term amortization with no balloon payment
Flexibility Agencies Cannot Match
Bank portfolio lenders keep loans on their own books, which gives them room to make exceptions on property condition, structure and borrower profile. When a deal does not fit neatly into an agency or CMBS box, a bank program is often the answer, and as a broker we know which banks lend on which situations. Loan amounts typically run from $1,500,000 to $10,000,000 and up, nationwide.
Get Expert Guidance on Your Bank Loan
With more than 30 years of experience and deep relationships across national, regional and community banks, we place loans that a single bank often cannot, and we compare bank pricing against credit unions, HUD, CMBS and life company execution. There are no upfront application or processing fees, and we issue written pre-approvals within 48 hours at no cost or obligation.
What Our Clients Say
“I spoke to several commercial lenders before finding Select Commercial. They got me a lower rate and their service was exceptional. If you need a multifamily loan, you need to talk to Stephen.”
Nathan B. · Philadelphia, PA“Select Commercial was very helpful with my multifamily mortgage. Stephen went over several options and we came up with the best lender to meet my needs. I got the funds and also lowered my payments.”
Gary M. · Portland, OR“I found selectcommercial.com and saw they specialized in apartment building loans. In the end, they were by far the best company I have used. Next time I know who to call first.”
Jerry T. · Long Island, NY“As a real estate attorney, I trust that Select Commercial will deliver apartment building loans and commercial mortgages in a timely manner. The rates and terms offered are excellent. I heartily recommend them.”
David S. · New York CityGet Your Bank Loan Quote
No cost, no obligation. Written answers within 48 hours on bank and portfolio loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up