Apartment Loan Rates

Apartment Lender Commercial Mortgage Rates FHA FNMA and SMALL Apartment Loans
Updated Apartment Loans Rate Chart

Apartment Lender Rate Commercial Mortgage Loan 4/20

FNMA RATE dropped 10 year apartment 5.60% - Seven Year 5.20% FHA 223(f) FHA 232 223(f) 4.5% plus MIP Happy 4/20

FHA 223 F LOAN RATES - FNMA LOAN RATES Move Down :)

Agency 10 year rates move down to 5.70% for a ten year loan, and 5.35%
FHA 223 F 4.5% plus MIP

FHA 223(f) Rates 4.50% 35 years

FHA 223(f) Loans Rates 4.5% due to the AAA rating of the GNMA securities Loan amount $2,500,000 and up

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.

FNMA DUS Apartment Loan FNMA Small Apartment Loans Nationally

FNMA apartment loan rates are very good with treasuries near all time lows.

Our correspondent lender is looking for more apartment refinances and purchase loans.

Ten Year NON Recourse Financing - Seven Year Fixed Rate Loans are trading at the best spreads over treasuries as usual!!

For loans over $5,000,000 contact Scott kendall (847) 903-7578

For FNMA Small Apartment Loans Chicago Contact Charles Kendall (773) 259-7074

For more information go to www.kendallrealtyadvisors.com

FHA 223(f) and FHA 221(d) Apartment Loan Changes

FHA 221(d)(4) Market Rate Rents 83.5% maximum loan to cost 1.20 Debt Service Coverage.

FHA 223(f) Apartment Loan Market Rate Rents 1.20 Debt Service Coverage.

More details at http://www.fhaapartmentlender.com/