Apartment Loans Under $1M
Apartment and Commercial Property Loans from $100K to $1M
Arguably the most underserved financial market in the United States is for what some would consider micro commercial property loans and apartment loans. Although $500,000 is nothing to scoff at, loans under $1 million for multifamily and other commercial real estate are overlooked because it costs a lender the same amount of money to originate a $500,000 loan as a $20 million loan. Plus, commercial loan originators are often incentivized by volume and therefore have very little motivation to pursue loans under $1 million, as it may unnecessarily double, triple, or quadruple their workload (it takes x5 loans for $500,000 to reach $1 million).
Loan Sizes $250,000 – $1 Million Eligibility and Program Highlights:
Small Commercial Loans with Big Customer Service
Apply for multifamily or commercial real estate financing under $1 million today. Email firstname.lastname@example.org today for a no-cost consultation.
- Loan sizes from $100,000 and up
- Credit scores from 580 and up
- LTVs up to 80%
- Terms: floating, 3, 5, 7, and 10 years
- Amortizations: 20, 25, 30, interest only
- Interest rates from 4.25% for loans over $750K
- Interest rates from 5.75% for loans under $750K
- Non-recourse for loans over $750K
- Low-documentation programs available
What Should You Expect When Applying for a Small Balance Commercial or Multifamily Loan?
30- to 45-Day Loan Closings
Certainty of Execution
White-Glove Customer Service
Multiple Loan Options