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