If you are looking to borrow money for a new apartment property, but are currently paying a loan off on another property, Apartment Bank can help you refinance your current loan. The experienced loan officers will walk you, the applicant, through the process to ensure the long term benefits of the refinancing and the new loan are in tact, and that the right refinancing for your old property is put in place.
The refinancing structure can vary dependent on the borrowing company’s credit history and management skills on previous properties. The maximum loan to value ratio for a refinancing on a previous property is 70% with Apartment Bank. The loan officer assisting you, the loan applicant, will help to choose the best refinancing options that fit your needs and the needs of your business. It is all included in the loan process services provided by Apartment Bank in applying for a new apartment loan.
To budget for a new apartment loan, it is important to balance the cost of the new loan along with the previous debt of a different apartment loan for another property. Apartment Bank can and will help, in deciding which loans work best for you, which refinancing options you and your business can afford, and help place you in the most advantageous position available in applying for new loans and paying off old ones.