Multifamily Mortgage Divisions
Commercial Financing Lender
Apartment Financing

Multifamily Conduit - Apartment Lending Solutions...

The conduit market is similar to what is was in the early 2000's today. Reasonable underwriting practices are the norm. Rental income is computed by using market rents. Interest only is possible for low leveraged (LTV) opportunities.

Direct Money Lenders is well established within the lending community. We have relationships with companies that have direct access to the Wall Street trading desks that offer the lowest conduit multifamily mortgage loan offerings. Our experience equals your lending partners! You will gain confidence once you speak with one of our professional loan officers.

The target market for our multifamily conduit product is from $2,000,000+

Conduit lending is only for "A" properties located in large metro MSA's -

Conduit Loan for Multifamily Apartment Advantages:

Advantages of a conduit loan can be greatly benificial. Some reasons to consider a conduit loan: All are non-recourse with interest only options for low LTV's - High CLTV with mezzanine piece available to 90% - 5 - 20 year terms with 25 and 30 year amortizations. Conduit loans provide the low permanent fixed rate multifamily apartment financing. Conduit multifamily loans are available in today's credit market but like HUD - FHA loans, are expensive to enter.

Call us today - 317-663-3153 - Quality Conduit Property Types Considered - Commercial and Multifamily!

Apartment Conduit Loans General Guidelines:

Eligible Properties Above-average multifamily apartment and mobile home parks and manufactured housing properties with a minimum of 10 pads or sites.
Minimum Loan Size $2,000,000+
Pricing Tiered pricing based on LTV and DSCR
Loan Terms 5 - 20 Fixed terms with 25 - 30 year amortization
Prepayment Defeasance - Yield Maintenance
Personal Guarantees Non-recourse with standard carve outs for grantor fraud or other bad behaviors
Minimum DSC 1.25 - 1.45
Loan-to-Value 90% maximum
Occupancy Requirements Stabilized properties only
Third Party Reports CALL
Preliminary Submission Package For Conduit Loans: Include the following in your request for a Conduit Mortgage quote:
1. Property description, address, & current debt structure - Well written summary
2. Representative color photographs - (6 - 7 preferred)
3. Operating statements - YTD & prior - (2 - 3 years preferred)
4. Current rent rolls & leases
5. Sponsor's resume

Direct Money Lenders is Nationwide and a Recognized Leader in Financing Conduit Mortgage Loans

Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana
Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire
New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina
South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Don't take our word for it...

"Conduit Lending from Direct Money Lenders is impressive. Non recourse conduit apartment finanicng was fast, accurate, and reliable with answers that you can trust and depend on."

Martin Elliott, Los Angeles, California

"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, Lakeland, Florida

Direct Money Lenders has the ability to finance virtually any commercial property type Nationwide:
Copyright ©2003 - 2012 DirectMoneyLenders.com. All rights reserved.
Privacy Policy