Showing posts with label commercial mortgage. Show all posts
Showing posts with label commercial mortgage. Show all posts

Tuesday, August 16, 2011

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.


Saturday, August 6, 2011

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.

Monday, July 18, 2011

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.

Wednesday, May 4, 2011

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

Thursday, March 31, 2011

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

Friday, February 18, 2011

Apartment Commercial Mortgage Rates 4-18

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

Thursday, December 30, 2010

Multifamily Fundamentals Best of Commercial Real Estate Property Types


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:

Tuesday, July 6, 2010

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.

Wednesday, December 9, 2009

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.

Tuesday, December 1, 2009

Chicago Commercial Mortgage Specialists Kendall Realty Advisors LLC

For Apartment Loans, Assisted Living Loans, Nursing Home Loans

Commercial Mortgages in Chicago or Nationally

Contact Kendall Realty Advisors

Over 25 years providing commercial mortgages from Chicago.

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

Wednesday, November 25, 2009

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.
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