Multifamily Mortgage Divisions
Commercial Financing Lender
Apartment Financing

Multifamily Apartment Mortgage Lender - Small Balance

Low, fixed mortgage rates & permanent long term financing for Apartment buildings. We also offer direct "in house" underwriting approvals for shorter term, bridge financing solutions. Hard money loans for apartment buildings and manufactured housing communities located in average to above-average locations on a Nationwide basis.

Direct Money Lenders small balance multifamily mortgage ranging from $500,000 - $3,000,0000. Our firm offers many advantages over your local bank. One, because we are lending…Two we will not string you along for weeks without a decision…Three, we have about a dozen of the top National small balance apartment capital sources available today. (There are not many remaining). Direct Money Lenders does not charge any upfront fees prior to Loan Terms. Our turnaround time and expertise can't be beat. Most bankable or "A" deals are jointly underwritten with one of the capital partners we understand would like your situation. - Purchase - Refinance - Cash out options available.

In today's economic climate Summer 2011, many regional/national banks and other conduit lenders have severely limited their lending activities or stopped lending altogether. Direct Money Lenders is active today providing small balance multifamily apartment loans Nationwide. We have established excellent, long term relationships with reliable lending institutions, including Our reputation is untarnished within the lending community. A lot of time is spent maintaining these bank relationships in order to provide you the most current market conditions, information, and programs.

Direct Money Lender's experts will give you a quick and HONEST answer.

Call us today - 317-663-3153 - Virtually all Commercial Property Types Considered!

Small Balance Apartment Mortgage General Guidelines:

Eligible Properties Average to above-average multifamily, mobile home park and manufactured housing properties
Minimum Loan Size $500,000 - $3,000,000+
Pricing Tiered pricing based on LTV and DSCR
We can work with many document types and FICO scores
Loan Terms 1 - 30 year fixed terms with 20 - 25 - 30 year amortization - Interest only payments
Prepayment None - Defeasance - Yield Maintenance - Declining
Personal Guarantees Recourse or Non-recourse with standard carve outs
Minimum DSC 1.25 - 1.35
Loan-to-Value 85% maximum
Occupancy Requirements Stabilized or not stabilized properties considered - 12 month trailing cash flow should support minimum DSCR requirements for max LTV.
Third Party Reports Appraisal
Phase I environmental or insurance
Property inspection
ALTA land survey
Preliminary Submission Package For Multifamily Financing: Include the following in your request for a Apartment 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. Personal and business tax returns - (2 - 3 years preferred)
5. Current rent rolls
6. Sources & uses
7. Sponsor's resume

Direct Money Lenders Finances Multifamily Apartment 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...

"The Small balance apartment credit market is difficult...My bank, that I have been with for 20 years, said NO..The experts at Direct Money Lenders provided a flexible refinance solution to my 32 unit multifamily property located in Nevada!"

Ted Blaxco, Denver, Colorado

"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:
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