The apartment loan program is designed for 5+ unit properties and loan amounts ranging from $400,000 to $3,000,000 ^*. We make the procedure for obtaining an apartment loan for a multi-family building simple and very similar to ordinary 1-4 unit residential property financing.

The following is the list of some of the important criteria^** that will be used during our initial loan consultation:

Borrower(s):

Credit History: no bankruptcies, foreclosures, late payments (require satisfactory written explanation); credit score is generally 650 or higher.
Real estate management experience for projects larger then 7 units
Sufficient income (without the subject property) and reserves
Job history, current pay stubs or YTD Profit & Loss Statement for self-employed
Assets/Liabilities
Federal Tax Returns (2 years) with all schedules
U.S. Permanent Residency
Ownership entity (LLC, Trust, etc.) documents including tax returns

Subject Property:

Property Conditions (no rehabs or code violations; public water and sewer always required)
Purchase Price (Property Value)
Loan-to-Value (LTV) ratio
Seller’s Income and Expense Statement (required on a purchase)
Mortgage History
Schedule of Real Estate Owned
Rent Roll
Apartment Leases
Potential for Environmental Hazards
Survey/plat drawing

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	Program Criteria The apartment loan program is designed for 5+ unit properties and loan amounts ranging from $400,000 to $3,000,000 ^. We make the procedure for obtaining an apartment loan for a multi-family building simple and very similar to ordinary 1-4 unit residential property financing. The following is the list of some of the important criteria^* that will be used during our initial loan consultation: Borrower(s): Credit History: no bankruptcies, foreclosures, late payments (require satisfactory written explanation); credit score is generally 650 or higher. Real estate management experience for projects larger then 7 units Sufficient income (without the subject property) and reserves Job history, current pay stubs or YTD Profit & Loss Statement for self-employed Assets/Liabilities Federal Tax Returns (2 years) with all schedules U.S. Permanent Residency Ownership entity (LLC, Trust, etc.) documents including tax returns Subject Property: Property Conditions (no rehabs or code violations; public water and sewer always required) Purchase Price (Property Value) Loan-to-Value (LTV) ratio Seller’s Income and Expense Statement (required on a purchase) Mortgage History Schedule of Real Estate Owned Rent Roll Apartment Leases Potential for Environmental Hazards Survey/plat drawing ^* Please contact us for the larger loan amounts as interest rates and fees may differ from the ones shown on this web site. ^** Please contact us to discuss your personal circumstances.
	Commercial Lending Since 1993