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.

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