FHA 223 f Under 4% FNMA well under 5% Historic Low Rates!

Apartment loan rates have moved down and now even 10 year loans from $750,000 to $5,000,000 are well under 5% fixed. This is due to the "TWIST" action by the FED and the EU currency crisis with Greece on the verge of certain default.

This programs is for owners of a few properties with good credit. Cash out loans up to 75% Purchase and no cash out loans up to 80%.

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Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: FNMA SMALL APARTMENT LOAN THE PROCESS

Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: FNMA SMALL APARTMENT LOAN THE PROCESS

The Process - These loans have a process and they require good documentation. A commitment or rate lock will not happen until all the reports are in and all of the underwriting is complete. Once the commitment is issued, a rate lock and closing can be done quickly. If a loan does not fit the program an application will not be issued.

We will review some basic information about the properties historical income and the borrower's financials situation and then issue a quote. If the borrower likes the quote they will receive and sign the application and send the application deposit. The appraisal and other reports will be ordered. Once the reports are in and the borrower has submitted all the required documentation, the commitment will be issued. The borrower documents include organizational documents, personal financial statements, copies of bank statements, real estate schedules, property income and expense statements, rent roll, copies of leases as well as other forms.

FANTASTICALLY - LOW RATES - BEST RATES SINCE 1958!

APARTMENT LENDER

APARTMENT LOAN RATES

FANTASTICALLY - LOW RATES - BEST RATES SINCE 1958!

CLICK HERE FOR RATES

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Apartment, lender, FHA 223 f - FNMA commercial mortgages best service/rates Apt.loans JV 30 years in commercial RE Kendall Realty - Apartment Loans http://bit.ly/Wrs4l

The yield on the benchmark ten-year note hit a record intraday low of 1.929% today.
Despite ending the session well off its lowest levels of the day, the ten-year yield still set at a new record closing low of 1.97%. This is the first time it has broken 2% since the 1950's.

GlobeSt.com - Fifield, Pacific Life Offer up New Three-Tower Complex - Daily News Article

GlobeSt.com - Fifield, Pacific Life Offer up New Three-Tower Complex - Daily News Article

CHICAGO-Three towers in the $850 million K Station apartment complex are now up for sale. The owner, a joint venture of locally based Fifield Cos. and Newport Beach, CA-based Pacific Life Insurance Co., is testing the frothy apartment market waters with the 1,198-unit Echelon and Alta, located in the West Loop, with an asking price of $475 million.

Commercial Mortgage Closings Apartments Mixed Use

Kendall Realty Advisors close four apartment loans using bank financing.

Kendall arranged a commitment on eight apartment buildings and the first phase closed.

The loans were for apartments and mixed use buildings. One of the buildings contains the office of a US Congressman. The borrower requested a five year fixed rate loan and low prepayments.

Kendall was able to arrange five year fixed rate loans at 5.25% with one property at 0% prepayment and the rest with a half of one percent prepayment.

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.

The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.