We have over 25 years providing Healthcare and Multifamily Housing Loans, Evanston, IL -National Healthcare Lender - DUS $5 Million and up FHA 223 F Freddie Mac FHA 232 232/223(f) LEAN
Monday, December 19, 2011
Sunday, September 18, 2011
Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: FNMA SMALL APARTMENT LOAN THE PROCESS
The Process - These loans have a process and they require good documentation. A commitment or rate lock will not happen until all the reports are in and all of the underwriting is complete. Once the commitment is issued, a rate lock and closing can be done quickly. If a loan does not fit the program an application will not be issued.
We will review some basic information about the properties historical income and the borrower's financials situation and then issue a quote. If the borrower likes the quote they will receive and sign the application and send the application deposit. The appraisal and other reports will be ordered. Once the reports are in and the borrower has submitted all the required documentation, the commitment will be issued. The borrower documents include organizational documents, personal financial statements, copies of bank statements, real estate schedules, property income and expense statements, rent roll, copies of leases as well as other forms.
Friday, April 22, 2011
Apartment Loan Rates
Updated Apartment Loans Rate Chart
Wednesday, April 20, 2011
Apartment Lender Rate Commercial Mortgage Loan 4/20
Monday, April 18, 2011
Apartment Loan Rates - USA Downgrade Warning Day - Tax Day
Ten year agency 5.68% - Seven Year 5.31%
FHA 223(f) 4.5% plus MIP
Friday, April 15, 2011
FHA 223 F LOAN RATES - FNMA LOAN RATES Move Down :)
FHA 223 F 4.5% plus MIP
Thursday, April 14, 2011
APARTMENT LENDER COMMERCIAL MORTGAGES CHICAGO: FHA 223(f) Multifamily Loan Agency Loan Rates Apri...
APARTMENT LENDER COMMERCIAL MORTGAGES CHICAGO: FHA 223(f) Multifamily Loan Agency Loan Rates Apri...
Wednesday, April 13, 2011
APARTMENT LENDER COMMERCIAL MORTGAGES CHICAGO: FHA 223(f) Multifamily Loan Agency Loan Rates Apri...
Saturday, April 9, 2011
Last-Minute Deal Averts Shutdown WSJ
Mr. Obama, speaking from the White House near midnight, said the two parties had worked together to produce "the largest annual spending cut in our history," and that "both sides had to make tough decisions. Mr. Obama turned the deal to his advantage by protecting Democratic priorities, such as medical funding for women's health programs, federal spending on education, environmental programs and NPR's car talk
Sunday, April 3, 2011
FHA 223(f) Rates 4.50% 35 years
This program offers the best rate available for apartment loans and allows for refinancing of debt up to 83.33% and cash out loans up to 75% of value. The process takes about five or six months depending on FHA office and cost a little more than FNMA and Freddie Mac for the reports and FHA exam fee ($3 per $1,000).
The borrower must also hold excess cash flow in an account and only withdraw excess cash flow every 6 months. Annual Audits of income and expenses and balance sheets are also required.
The interest rates and term (35 years) are the main draw. With FNMA and Freddie Mac Multifamily operations under Government control and their parent company destined for closure, FHA GNMA MBS securities have become the highest rated mortgage backed securities with the lowest rates.
This program is not for everyone but for large apartment loans you currently save one or more percent over FNMA or Freddie Mac 10 year loans.
Saturday, April 2, 2011
FHA 221(d(4 New Construction
Apartment Lender Headline Animator
My Blog List
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Time Space Interest rate convergence Not! Rates rise after NY FED Dudley Says Talk of Negative Fed Rates Is Very Premature - “I just find that an extraordinarily premature conversation to be having,” Dudley said at a press briefing Friday in New York. “There are a lot of things ...8 years ago
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Apartment Loan Rates move down after first FED interest rate hike - Kendall Realty Advisors FHA 223f FNMA DUS Loan9 years ago
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Apartment Loan rates rise quickly up about 25 basis points from last month - Kendall Realty Advisors10 years ago
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