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April 11, 2012 |
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Lauderdale Lakes, FL |
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$790,000 RETAIL STRIP/CENTER REFI, 5.49%, 10-YR F... |
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April 11, 2012 |
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Plantation, FL |
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$510,000 RETAIL STRIP/CENTER REFI, 4.99%, 7-YR FI... |
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April 04, 2012 |
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Dania Beach, FL |
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$3,900,000 ALF CASH-OUT REFINANCE, 5.50%, 10-YR F... |
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February 22, 2012 |
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Orlando, FL |
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$300K HEALTHCARE PRACTICE START-UP, 6.00% FIXED, ... |
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Multi-Family Fannie Mae Loan Program
Whether an acquisition or a refinance of a multi-family apartment building, 1st Commercial Lending can provide the financing that bests suits your needs. The MultiFamily Fannie Mae program is structured to include multi-family properties from the medium size to large apartment complexes.
Program Highlights:
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680 Minimum Credit Score |
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Loan Amounts From $2M - $30 Million+ |
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Up to 20% Commercial Space Allowed |
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80% Maximum LTV |
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Low Interest Fixed Interest Rates |
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30 Year Amortizations Available |
Guidelines:
Use of Proceeds
Real estate - Purchase, rate/term refinance and cash-out
Standard Loan Structure
Fixed Terms - 5, 7, 10, and 30 years
Amortizations - Up to 30 years
Stabalization - Must be at 90% occupancy for 90 days
Assumability - Loans are assumable for 1% fee
Geography:
$2M - $30 Million - All Major Markets
Borrower Net Worth Must Exceed Loan Amount
Loan Proposal Issued In 24-48 Hours Guaranteed!
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