FANTASTICALLY - LOW RATES - BEST RATES SINCE 1958!

APARTMENT LENDER

APARTMENT LOAN RATES

FANTASTICALLY - LOW RATES - BEST RATES SINCE 1958!

CLICK HERE FOR RATES

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.

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

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

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. 

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

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.

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.

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

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:

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.

FHA 223(f) Apartment Lender - 232 LEAN FHA 242/223(f) Healthcare Refinance - Apartment Loans: Small Apartment Loans Chicago

Commercial Mortgage Apartment Loan Rates now near 5% for FHA 223(f).

FHA 223(f) Apartment Lender - 232 LEAN FHA 242/223(f) Healthcare Refinance - Apartment Loans: Small Apartment Loans Chicago

http://www.kendallrealtyadvisors.com/commercialmortgages.html

Commercial Mortgage Rates Apartment FHA 232 LEAN

Commercial Mortgage Rates for refinance are near 5% with treasury rates at 3.2%. This is for FHA 223(f), FHA 232/223(f) Lean, Fannie Mae DUS and Freddie Mac loans.

This is about as low as they get!

Black Friday Commercial Mortgage Early Report

Happy Holidays to you!

Black Friday looks good in the stores. 10% more cars in parking lots, high end retails not discounting, and if you see something you want, it may be a good idea to buy it then..

DUBAI WORLD is caught in great deleveraging cycle and causing the dollar to rally, gold to fall and for the Commercial Mortgage industry RATES are FALLING.  The real estate investments of this company have more loans than they can pay or pay off, like many Real Investments in this DELEVERAGING CYCLE.

The State of Commercial Mortgage Finance is bad but much better than a year ago.  The first new CMBS sales was a success but was very well underwritten.

FHA is going gang busters on FHA 223(f) Loans and FHA 232 LEAN refinances.

Fannie Mae and Freddie Mac are still open but business is down due to lower property values and higher underwriting standards.