Commercial Mortgage Rates Apartments FHA FNMA

Apartment Loan rates have risen in the last month with rising US treasury rates.  The ten year treasury is now at 3.40%, from its low near two percent a few months ago.

FHA 223 F rates have risen the least since they are wrapped with GNMA insurance and are rated AAA. FHA 223 F loan can still be locked below 5% for a 35 year loan.

FNMA and Freddie Mac rates have risen more since there is uncertainty of their future credit rating when the government stops backing them up.  Currently large apartment loan rates are about 5.45% for Seven Years and about 5.90% for ten year loans.

FNMA small apartment loans are now running at close to 6% for ten years.

Several clients have reported bank quotes of 50% to 60% loan to value and twenty year amortizations, offered by several large Midwestern regional banks. The loan amount is often to low compared to the 80% of purchase allowed by FNMA and FHA.

Multifamily Fundamentals Best of Commercial Real Estate Property Types

Multifamily Fundamentals Better than Other Property Types | Multi-Housing News Online

Multifamily fundamentals in particular have improved, though not quite back to where they were during the more flush days of the mid-2000s. During 3Q10, average apartment vacancies nationwide were 7.7 percent, compared with 5.8 percent during 3Q07. Yet among property types, apartments are the healthiest in terms of 3Q10 vacancies:

Apartment Loans Click Here

Commercial Apartment Loan Rates

FNMA DUS Apartment Loan  10yr / 9.5 -  4.73%  - 7yr / 6.5yr yield main. 4.51% - (8/12/10)

FHA 223 F 4.50% 35years FNMA Small Apartment Loan about 5%.

Non Recourse seven and ten year balloon loans

FHA 223(f) thirty fives year fixed rate loans should have broken 4% plus MIP

$5,000,000 and up

FNMA Small Apartment Loans less than $5 million starting at $750,000 Chicago FNMA Selected Cities

Apartment Loans

Scott Kendall (847) 903 7578 kendallrealty@gmail.com

Chuck Kendall (773 259-7074 kendallrealtyadv@gmail.com

Apartment Loan Rates FNMA DUS - FHA 223 F - FNMA Small Apartment

Apartment Lender Rates FNMA DUS Apartment Loan 4.88% 10yr / 9.5 - 4.70% 7yr / 6.5% FHA 223 F 4.50% 35years FNMA Small Apartment Loan a little above 5%.

Non Recourse seven and ten year balloon loans
FHA 223(f) thirty fives year fixed rate loans
$5,000,000 and up

FNMA Small Apartment Loans less than $5 milling to $750,000 Chicago FNMA Selected Cities
Apartment Loans

Scott Kendall (847) 903 7578 kendallrealty@gmail.com
Chuck Kendall (773 259-7074 kendallrealtyadv@gmail.com

FNMA Small Apartment Loan Closes Evanston, IL

Kendall Realty Advisors LLC closes FNMA small apartment loan Evanston, IL
Loan amount $750,000 plus, term 10 years, rate under 5.60% Non-Recourse
Only $4,500 application fee includes appraisal, engineering and legal for deals exceeding $750,000.
Closings within two to three months of loan application sizing.
Rates set two weeks prior to closing

Commercial Mortgage Rates Chicago

Updated Commercial Lending Rates for Apartment Loans

Fannie Mae Small Apartment Loans 5.60% over $1 Million 5.7% under $1 Million rate lock in approximately four weeks ten year term non-recourse loan up to 75% Cash Out - 80% Purchase

Apartment Loan Rates FHA 223 F 4.75% fixed rate 35 year term non-recourse Max Loan 75% LTV for Cash Out - 85% for purchase and no Cash Out Refinance transactions processing time about five months.

Healthcare Loans using FHA 232/223(f) 4.85% fixed for 35 years.

FHA 223(f) FHA 221(d)(4) FHA 232 LEAN FHA 242

FHA 223 F Apartment and Healthcare Loans

www.FHAAPARTMENTLENDER.COM

FHA apartment Loans FHA 223(f) and FHA 221(d)(4) Changes

FHA proposed underwriting changes 1.2 DSC Market Rate Refinance or New Construction


Click here for the full letter:

Rival makes $10-billion offer for General Growth - Chicago Real Estate Daily

Rival makes $10-billion offer for General Growth - Chicago Real Estate Daily

Is this a sign that the bottom of CRE has been hit?

Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group

The future of Apartment Rentals - Apartment Lender - Apartment Refinance

Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group

Chicago Commercial Mortgage Lender Rate and FHA Update

FHA may change underwriting to 1.20 DSC for 223(f) and and 221(d)(4).

FHA refinance rates are still below 5% plus MIP. FNMA small loan fixed 10 years no points about 6%.

Bank Lending Update:

A recent survey suggests banks are starting to lend again to commercial real estate developers and owners. Of the 60 banks surveyed at the MBA conference in Las Vegas earlier this month, 24 expect to lend $2 billion to $4 billion each in 2010 to the sector:


The recent fall in prices offers investors the opportunity to pick up quality assets at a substantial discount. 
 
Many people in the field think that commercial real estate is going through its last stage of the crisis, which Moody’s estimates shaved 44% to 55% off 2007 prices.

We are seeing activity with strong borrowers buying bank owned real estate.