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We offer low fixed rate permanent
financing or bridge financing for multifamily apartment
housing communities located in average to
above-average locations Nationwide. |
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With competitive fixed
interest rates leverage to 90%, and low closing
costs, our multifamily apartment program is one of
the most competitive financing programs around! |
Delaware
Multifamily Apartment Loan General Guidelines:
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Eligible Properties |
Average to
above-average 5 unit and up |
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Minimum Loan Size |
$100,000 -
20,000,000+ |
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Pricing |
Tiered pricing based
on LTV and DSCR
We can work with many document types and FICO
scores |
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Loan Terms |
2-30
year fixed terms with 25-30 year amortizations |
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Prepayment |
None - Defeasance -
Yield Maintenance |
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Personal Guarantees |
Recourse or Non-recourse with
standard carve outs |
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Loan-to-Value |
90% maximum |
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Occupancy Requirements |
Stabilized properties
- Can look at non-performing properties - 12 month
trailing cash flow should support minimum DSC
requirements |
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Typical Third Party Reports |
Appraisal
Phase One Environmental
Property Inspection
ALTA Land Survey |
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Preliminary Submission
Package For Multifamily Apartment Financing: |
Include the following
in your request for a mobile home park
loan quote:
1.
Property description and address
2. Representative color photographs - (4-5
preferred)
3. Current rent roll and year-to-date operating
statement
4. Operating history - prior 3 years - (if available)
5. Completed application
6. Existing debt structure
7. Sponsor resume |
Direct Money Lenders has the ability
to finance virtually any
commercial property
type Nationwide:
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Don't take our word for it...
"Direct Money Lenders
closes multifamily apartment loans. My
100 unit multifamily apartment complex
located in Charlotte was under contract and my current lender went out of
business. Direct Money Lenders was able to take charge and close my deal
in under 30 days and keep the deal alive. Thank you!"
Barbara Lewis, Phoenix,
Arizona
"The loan officers at
Direct Money Lenders are very HONEST,
professional,
and hard working." "I was
impressed with the quick close times and clear expectations of what to expect
during the process."
John Bates, Goshen Indiana |
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