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.

#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.

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.

Commercial Mortgage FHA 223(f) - Bank Rates

FHA 223(f) Commercial Mortgage Loan Rates are locking under 5% and we are underwriting them at 5%.

Bank Loan Rates 3 year 75% LTV 4.5% 5 year 5.5%.


FHA 232 Lean rates are the same as 223(f) rates for refinance loans.

Commercial Mortgage Chicago Rates

Treasury rates moved up 25 basis points from 3.20% to 3.47% last week on strong jobs report.

Interest Rates are still in the low 5% range for Commercial Mortgage Loans on Apartments and Healthcare properties using FHA, Fannie Mae and Freddie Mac.

Check out our commercial loan programs at: http://www.kendallrealtyadvisors.com/commercialmortgages.html

Commerical Mortgages Apartment and Healthcare Loans

Kendall Realty Advisors LLC provides commercial mortgage on a national basis.

Apartment Loans, FHA 232 LEAN loans, FHA 242 and FHA 242/223(f) Hospital Loans

Assisted Living Facility Loans, Nursing Home Loans.

We have been providing commercial mortgages and credit enhancement of bonds for over 25 years.