7 Construction Apartment Loan Programs – over 100 Direct Sources
With 7 Construction programs to select from, and over 100 direct lending sources, Apartment Loan will match you because of the Multifamily construction loan program that is correct for you personally.
Apartment Loan Store has specialized in commercial construction financing since 1997. We do construction loans for: Apartment Buildings, Senior Housing/55 and older Communities, Student Housing, and Independent/Assisted Senior that is living Housing.
Do you really Be Eligible For a construction loan that is commercial?
Apartment/Multifamily Construction Loan Programs (5 + Devices)
1. FHA New Construction or Major Rehabilitation – 85% – 87% of price, Non-Recourse Construction and Perm Loan
Minimal Loan: $5,000,000 Maximum Loan $25M and above
85% of price for Market Rate Developments, 87% of Cost for Affordable Housing
Construction Loan rolls over seamlessly to 40 fixed rate perm loan year
Perm Loan Term: 40 Years, Amortization 40 years
Extremely Low 40 fixed rate year
18 months after conclusion for absorbtion/stabilization
Perm loan rate is locked ahead of construction
Non-Recourse construction and perm loan
No Tax Statements Required
FF&E may be financed
Draws (average bi-monthly)
No minimum Web Worth Requirement
Minimal Post Closing Cash Requirement