• sales@directmoneylenders.com
  • 800-838-1889

Small Balance – $500 – 3M+

  • Home / Small Balance – $500 – 3M+

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. Stated Income 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 to the investor that understands the US tax code…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 programs available today. 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 Spring 2017, many regional/national banks have historically not liked working with out of state investors, those who write down expenses on the tax returns, self manage their own rental. Direct Money Lenders is active today providing small balance multifamily apartment loans Nationwide. We have established excellent, long term relationships with solid reputation in the market place including  A lot of time is spent brining to market the various lending programs we offer and we strive to provide you the most current products available at most competitive pricing and concierge type customer service.

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

Call us today – 800-838-1889 – Virtually all Commercial Property Types Considered!

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Small Balance Apartment Mortgage General Guidelines:

Eligible
Properties
Retail, Office, Mixed Use, Self Storage, Multifamily, Apartments, Mobile Home Park, Warehouse, Light Industrial, Investment SFR’s (1-4 units)
Minimum Loan Size $100,000 – $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 – Yield Maintenance – Declining
Personal Guarantees Recourse or Non-recourse with standard carve outs
Minimum DSC 1.0 – 1.35
New Equity (cash) Requirements
Typically no new cash for Refinance or cash out – Purchase minimum – 10% – 20% of total projected cost
Loan-to-Value Up to 80%
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 – (1 – 2 years preferred)
4. Personal and business tax returns – (2 – 3 years preferred)
5. Current rent rolls
6. Sources & uses
7. Sponsor’s resume