Obtaining apartment financing for property loans has never been easier or more affordable as Apartment Bank, a division of BofI Federal Bank, has designed an apartment loan program with economical, flexible, and tailored financing sure to meet the needs of multifamily housing investors.
Because Apartment Bank has streamlined their entire lending process through the development of an on-line web system that controls the loan from the initial contact and pre-sizing the loan to funding borrowers will find that they save a considerable amount of time and money when securing their apartment loans.
The fixed apartment loan program created by Apartment Bank comes features a number of highlights including:
25 to 30 Year Amortizations
3, 5, Year Fixed Rate Terms
No Defeasance or Yield Maintenance
No Commitment Fees
No Replacement Reserves
No Balloon or Call Provisions
In addition to these highlights Apartment Bank’s apartment loan program also features Step Down Prepayment, Minimum DSCR of 1.25:1, Assumable at Lender Discretion, and A, B primary and C Property Types Considered on a case by case basis, and Mixed-Use Commercial/Residential Acceptable to 20% Commercial Use.
For investors searching for the perfect apartment loan program contact Apartment Bank today and discover how they can move your investment forward with a favorable multifamily financing loan for your apartment building.