Multifamily Loan Programs
ALB Commercial Capital was established to serve as a team member to the Mortgage Broker, Realtor, Investor, Lender or other service provider as a premier nationwide source for multifamily and commercial financing. Discover how we can offer you a competitive advantage with our competitive pricing, flexible terms, customized solutions, streamlined origination and processing, and quick closing capabilities.
Whether you are a first-time investor new to apartment loans or a long-time investor experienced with multifamily loans, ALB Commercial Capital works with clients to determine how to finance an apartment building that addresses your real estate finance goals. We are industry experts at apartment complex financing and structuring commercial apartment loans, offering first mortgage financing for acquisition in addition to meeting apartment building loan refinance needs.
ALB Commercial Capital is here to ensure that the small or large balance apartment loans you need are within easy reach. With our guidance, apartment financing for multifamily housing is easy to navigate. Our expertise with various multifamily loans including Freddie Mac multifamily loans, Fannie Mae multifamily loans, FHA multifamily loans, Hud lenders, Life Insurance companies, conventional bank financing, and bridge apartment loan programs 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 you toward the future you deserve.
Our Apartment building Loan programs range in size from $250,000 to $25,000,000 + with specific program requirements and flexible pricing based on your investment objectives. The information below is an overview of our multifamily loan program features & Benefits.
- 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)
- Corporate Apartments, Independent Living, Senior Housing, Student Housing, Military Housing
- 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”
- ARM, 3, 5, 7, 10, 12, 15, 20, 30 Year Fixed-rate terms
15 ,25, 30, and 40-year Amortizations (Typically 30 Years)
- Market Indices Vary: 11th District COFI, 12 MAT, LIBOR, 1-year CMT, CODI, COSI, Prime, Corresponding Treasury Values
- Various Prepayment Penalty options available: Step Down, Yield
- Maintenance/Defeasance, including No Prepay
- Loan-to-Value: up to 80% (85% CLTV available. Call for details.)
- 10% Seller 2nd allowed on case-by-case basis
- No Lender Point options available
- No Replacement reserves requirements available
- Monthly/Annual Leases Acceptable
- Substitute Leases with Bank Statements
- No Balloon or Call Provisions
- Interest Only Options – Partial to full term
- Minimum DSCR of 1:15:1
- Standard 1% fee at Closing
- Outside Legal Fees-Dependent on the program
- Low Doc Programs available
- 60 Day Rate lock available with a 1% refundable fee (longer Rate lock periods available call for details)
- Limited impound requirements
- Assumable at lender discretion
- Up to 3% seller Concession allowed on Purchases
- Nationwide Coverage