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%.

Click here for LOAN PROGRAMS Click here for Rates

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

#Apartment #Loan #Rates hit new #lows.

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.

Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: MB Bank becomes my Least favorite Bank In Chicago

Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: MB Bank becomes my Least favorite Bank In Chicago

The State of Commercial Mortgage Finance: #NORMAGEDDON expected to Cost Government $100 BILLION in Interest Costs: Reuters

The State of Commercial Mortgage Finance: #NORMAGEDDON expected to Cost Government $100 BILLION in Interest Costs: Reuters

Apartment Loan Rates Remain Low as Debt Ceiling Debate Continues

Apartment Loan Rates FHA 223(f) near 4% Fixed 35 year loan

FNMA DUS Ten Year Loans in Low 5% plus range

Small Apartment Loans 10 year fixed around 5.50%

As the deadline gets closer on the debt ceiling

Gold has hit a record high above $1,600 an oz.

I trust that they will all get their act together this

Week.

Apartment Lender - Rates Loan Commitments

Apartment Loan rates rising about 10 to 15 basis points as spreads widen for FNMA and Freddie Mac mainly on ten year loans.  Kendall arranges loan approvals on 5 apartments in Chicago, IL from banks. Rates in low 5% range.


Apartment Loans

Apartment Loan Rates

Commercial Mortgage Rates are OBSCENELY LOW

Interest Rates have fallen below 3% for ten year treasuries leading to near the lowest apartment loan interest rates in history. You can lock in FHA 223 f loans for 35 years in the low 4% range.
 #FHA #Fannie Mae DUS#FreddieMac: http://t.co/eYzcVNS
FNMA Freddie Mac near historic lows on rates

Apartment Lender Apartment Loan Pricing

APARTMENT LOAN RATES FNMA FREDDIE MAC FNMA LARGE AND SMALL LOANS

Apartment Lender Apartment Loan Pricing

Apartment Refinance and Purchase Loan FHA Fannie Mae DUS Freddie Mac: http://bit.ly/Wrs4l

Apartment Loan Rates steady today as Treasuries move up and down in small range

Click links below for May 13, 2011 apartment lender rates

FHA 223(f) FNMA and Freddie Mac Large Loan Rates

FNMA Small Apartment Loan Rates

Apartment Loan Checklist

Commercial Mortgage Apartment Chicago Nationally Rates

Apartment Lender Apartment Loan Pricing http://goo.gl/ecuvQ FHA 223(f) FNMA Large and Small Loans Commercial Mortgage Rates

Commercial Mortgage Apartment Chicago Nationally Rates

Small Apartment Loans 10 year fixed rate loans 5.65% $750,000 and up
Bank lending heats up 5-50 units Chicago Area 5% and up
Large Apartment Loans 10 year fixed rate FNMA 5.45% - Seven Year loan 4.96%

Rate reduction for large deal with competing Freddie quote 20 or more basis points can reduced to match other quoted rate but with a much faster delegated closing.
APARTMENT LOAN PROGRAMS

FHA 223(f) 4.5% plus MIP

Commercial Mortgage Apartment Chicago Rates

Apartment Lender Commercial Mortgage Rates FHA FNMA and SMALL Apartment Loans

Updated Apartment Loans Rate Chart

APARTMENT LENDER COMMERCIAL MORTGAGES CHICAGO: FHA 223(f) Multifamily Loan Agency Loan Rates Apri...

APARTMENT LENDER COMMERCIAL MORTGAGES CHICAGO: FHA 223(f) Multifamily Loan Agency Loan Rates Apri...: "FHA 223 F rates are 4.75% for thirty five years - Agency 10 Rate for tier II ten years is 5.84% and the seven year rate is 5.46..."

NPR and Women Health funds saved in Last Minute Budget Deal

Last-Minute Deal Averts Shutdown http://on.wsj.com/h8N7n1 Budget cuts of $39 billion Dem held on to NPR and Women Health funds

Mr. Obama, speaking from the White House near midnight, said the two parties had worked together to produce "the largest annual spending cut in our history," and that "both sides had to make tough decisions. Mr. Obama turned the deal to his advantage by protecting Democratic priorities, such as medical funding for women's health programs, federal spending on education, environmental programs and NPR's car talk.

USA Countdown to Closure Rates Agency 10 year - 5.90% 7 yr FHA 223(f) 4.75%

Apartment Loans Commercial Mortgage Rates Agency 10 year - 5.90% 7 yr - 5.55% FHA 223(f) 4.75%Government Shut Down today Millions of military will be paid late, millions of others will forfeit pay or will be paid for not working.
Title 10 womens health de-funding only remaining issue both sides agreed to all fiscal issues including dramatic cuts to programs for poor and elderly the total is about $70 billion in cuts. 

election results

#wiunion #Fitzwalkerstan Click The Associated Press: for AP election results 8pm central

Chicago Commercial Mortgage Apartment Rates April 1, 2011

Agency Multifamily Loan Rates 10 yr 5.80% - 7 yr 5.50%
Small Apartment Loan Chicago 5.95
FHA 223 (f) 5% $3 M and up 35 yrs

Banks 5-6% 5 years

Commercial Mortgage Apartment Chicago Rates

Small loans $750,000 - $3,000,000 - 5.90% 10 yrs.

Apartment Loan Rates Agency 10 yr. 5.75% - 7 yr 5.40% FHA 223(f) 5% including MIP 35 yrs.

Refinancing of LIHTC apartments - Market Rate Apartments FHA 221(d)4 new construction for apartments.

FHA 232 LEAN financing takes over 6 months for refinances but rates are great.

New construction Assisted Living takes about a year under FHA 232 LEAN new construction.

We are working conventionally on deals

Apartment Commercial Mortgage Rates 4-18

Apartment Loans

We have several bank lending programs available for Chicago, WI, MN and IN. rates start in the low 5% for 5 years.

FNMA DUS rates back up to about 5.85% for ten years The small apartment loan runs about 6.10% for ten years.

FHA 223(f) holding steady near 5% 35 years $3 million min.

Healthcare Assisted Living Nursing Home

FHA 232 223(f) just over 5% for 35 years.

FHA 242 Hospital Refinance 5.85% 25 years

Commercial Mortgage Apartment Assisted Living Nursing Home 2-16-11

Apartment Loan rates are approximately the following for FNMA
and FHA 223(f):


Ten year FNMA Large Apartment Loan 5.90% to 6.00%


Seven year FNMA Large Apartment Loan 5.60% - 5.70%

For loans with 9.5 and 6.5 yrs. yld main. 75% - 80% LTV - 1.25 Min DSC $3 Million or greater

Loans with shorter yld. main. have a higher rate. Loans with lower LTV and higher DSC have a lower rate.

FNMA small loans are running between 6.15% and 6.25% for ten years min. loan size $750,000 and 6 units min.

FHA 223(f) apartment loan rates are just below 5% for 35 years.


It may be more work but it can save you in the long run. Min loan size typically $3 Million.

DSC 1.25 Max LTV 83.3% Cash Out Limit 75% LTV

FHA 232 LEAN - FHA 232/223(f) rates just over 5% due to slightly higher MIP (mortgage insurance premium) Processing time still very long, equity requirement much higher than the past, New construction deals are having the most trouble getting approved.  I get calls from many principals that would love to find an alternative construction loan for very good deals.  In other words construction lenders call me.


In other news the long slow wind down or "enhanced interrogation" of FNMA and Freddie Mac was proposed by the White Papers. The private lenders ( Maybe countrywide-II) would get to run the show again. Good news for apartment owners since down payments would likely go up and prices for homes likely down.