Securing apartment complex financing can be a frustrating and lengthy process for a borrower, involving a number of steps and including multiple parties. As any investor knows delays can lead to missed opportunities and in the case of a drawn-out apartment loan process the missed opportunity could be in the failure to purchase an apartment building.
Recognizing that timing is critical for borrowers seeking multifamily financing in the form of an apartment loan Apartment Bank, a division of BofI Federal Bank, has created an apartment loan program that delivers economical, flexible, and tailored financing for multifamily housing investors; all of this designed to speed up the process from the initial contact and pre-sizing the loan to funding.
The apartment loan program offered by Apartment Bank features a number of highlights including:
Refinance, cash-out, and no cash-out
Loan amounts from $250,000 to $10,000,000, higher or lower amounts on a case-by-case basis
Layered risk-based pricing ensures lowest rates
Flexible loan terms
Secondary financing may be allowed (purchase transactions)
Various prepayment options
For any investor seeking an apartment complex loan the offerings of Apartment Bank are sure to meet their needs. Speak with a representative today and get your apartment loan started and closed in the quickest manner possible.