ALB Commercial Capital was established to serve as your team member. Whether you are a mortgage broker, realtor, investor, lender, or other service provider, ALB Commercial Capital is your premier nationwide source for apartment loans and multifamily loans.
We offer a competitive advantage with our competitive mortgage rates & pricing, flexible terms, customized solutions, streamlined origination and processing, and quick closing capabilities. Our financial services provide you with up-to-date commercial mortgage news and leading loan programs to ensure that you get the mortgage rates you want.
Let us guide you toward the apartment building financing and multifamily loans best suited for your needs.
Whether you are a first time investor new to apartment loans or a long-time investor experienced with multifamily loans, ALB Commercial Capital has the knowledge and expertise to guide you to the Small Balance Apartment Loans that fit your needs.
ALB Commercial Capital is here to ensure that the Small Balance Apartment Loans you need are within easy reach.
With guidance from ALB Commercial Capital, apartment financing for multifamily housing is easy to navigate. Our expertise with various multifamily loans including Freddie Mac multifamily loans, Fannie Mae multifamily loans, and FHA multifamily loans will keep your multifamily investment working for you.
Real estate investments require expert advice and direction. ALB Commercial Capital has the experts who will find you the best mortgage rates today so that you can move closer to a return on your multifamily investment. Let our years of experience working with multifamily mortgage lenders guide toward the future you deserve.
Our Small Balance Apartment Loan programs range in size from $500,000 to $5,000,000 with specific requirements and pricing based on your investment objectives. The information below is an overview of our Small Balance Multifamily Loan program features and benefits.
To have your apartment building loans pre-qualified or to find out more about our apartment building financing services, please contact our office to speak with one of our experienced apartment financing advisors. Let us customize a multifamily mortgage to fit your unique needs.
Multifamily 5+ units
Garden style, Two Story, Three Story, Bungalows, Townhouse style, or condo Conversions
Existing and newly constructed
Apartments of all grades (A, B, C, D)
Mixed-Use Commercial/Residential Acceptable to 25% Commercial Use
Mobile Home Parks Eligible for Apartment Loan Program with 15+ Pads
Refinance with Cash Out
Commercial Equity Lines
Short Term Bridge
Construction on a "Case by Case Basis"
Adjustable 3, 5, 7, 10, 15 Fixed-rate terms
15 and 30 year Amortizations
Market Indices Vary: 11th District Cost of Funds, 12 MAT, LIBOR, 1-year CMT, CODI, COSI, Prime, Corresponding Treasury Values
Prepayment Penalty: options available, including none
Loan-to-Value: up to 80% (85% CLTV available. Call for details.)
10% Seller 2nd allowed on case-by-case basis
No Lender Points
No Replacement reserves
Monthly/Annual Leases Acceptable
Substitute Leases with Bank Statements
No Balloon or Call Provisions
Interest Only Options
Minimum DSCR of 1:15:1
Standard 1% fee at Closing
No Outside Legal Fees
60 Day Rate lock available with a 1% refundable fee
Limited impound requirements
Assumable at lender discretion
Up to 3% seller Concession allowed on Purchases
Property management experience is generally required for properties with 12 or more units, or property management letter and resume may be substituted.
Competitive closing costs for apartment loans to $5 million. Costs include standard third party reports including inspection, appraisal, engineering, environmental, lender fees, document fees, and in-house legal.