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Last updated on Jan 3, 2023
2 min read

Multifamily Life Company Loans

Life Company Apartment and Multifamily Mortgage Lending Made Easy

In this article:
  1. Life Company Loans For Apartments and Commercial Real Estate
  2. Sample Life Company Terms for Commercial Real Estate Loans in 2023
  3. Advantages
  4. Disadvantages
  5. Get Financing
Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank at 6.1%$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1.4M offered by a Credit Union at 6.1%Click Here to Get Quotes!

Life Company Loans For Apartments and Commercial Real Estate

For apartment properties, life companies offer an interesting alternative to Fannie Mae and Freddie Mac financing — often having longer loan term options and exceptionally competitive rates. Life company financing is less competitive when it comes to leverage, however, particularly when it comes to cash-out refinancing.

Even so, when it comes to larger balance ($10 million and up) commercial real estate loans for properties including office buildings, retail centers, single-tenant retail (Walgreens, Target, Walmart, CVS, etc), and other commercial properties, life companies are often the most competitive financing option. That said, life companies are very selective when it comes to financing, generally focusing on the highest class/quality assets.

Sample Life Company Terms for Commercial Real Estate Loans in 2023

Size:                  $2 million and up

Term:                 10 to 25 year loan terms (self amortizing options available)

Amortization:     Up to 25 years

Maximum LTV:   75% (although often times capped at 65%)

Minimum DSCR: 1.25 x’s

Non-recourse with standard “bad boy” carve-outs

Interest-only period available for certain properties

Advantages

  • Will consider loan modifications or special requests (i.e. secondary financing) during the loan term.

  • Early rate lock (up to 90 days prior to closing).

  • Non-recourse.

  • Disadvantages

    • Tend to be less aggressive on max dollar deals.

    • Tend to focus just on higher class assets.

    • Less likely to do cash-out deals.

    In this article:
    1. Life Company Loans For Apartments and Commercial Real Estate
    2. Sample Life Company Terms for Commercial Real Estate Loans in 2023
    3. Advantages
    4. Disadvantages
    5. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

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Multifamily Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

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