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October 2020

Houston Apartment Loans

By | Houston Apartment Loans, Texas Commercial Loans

Houston apartment loans for multi-family, commercial properties are available through various lenders. These loans can be used to purchase either existing units or build new from the ground up. There are even some types of commercial-grade loans that allow for improvements. So, it’s important to understand the various products available and what you need to know about Houston apartment loans.

Houston apartment loans come in government-backed packages, as well as in private financing products. Three of the biggest names you’ll immediately recognize are Fannie Mae, Freddie Mac, and FHA. While these government agencies don’t actually loan funds directly, they do structure financing in particular ways. For instance, Fannie Mae’s apartment loans generally start at $750,000 and go up from there, with terms lasting up to 30 years in length. A down payment is usually around 20 percent, and interest rates are competitive.

Similarly, Freddie Mac commercial loans generally require 20 percent down or more, with terms of up to three decades, and competitive interest rates. However, these loans are usually larger, ranging from $1 million to $100 million. Then, there are FHA commercial loans, which likewise require approximately 20 percent down, however, loan terms can last up to 35 years, and the loan amount may be around 3 million or more.

Finally, there are two more options available. One is what’s known as a bank balance sheet apartment loan, while the other is a multifamily construction loan. Both of these are private and generally done completely in-house, meaning they are not government-backed.

Dallas Apartment Loans

By | Dallas Apartment Loans, Texas Commercial Loans

Dallas apartment loans are available in a number of products, through various lenders. Some of these financing products are government-backed, while others are totally handled by the private lending sector. commercial property investors, whether wanting to buy an existing multifamily unit or build a completely new one, have several choices available to them. Read on to learn more about apartment loans available in the Dallas metro area and beyond.

Dallas apartment loans come in various forms. These are ideal financing options for property investors that want to either buy and hold, or purchase, improve, and eventually flip. Two of the most well-known loan packages, from Fannie Mae and Freddie Mac. The former government agency offers loans starting at $750,000, up to several million. These loans generally require 20 percent down but do offer competitive interest rates and lengthy loan terms. Meanwhile, the ladder government agency offers commercial level loans that range from $1 million to $100 million. These loans also usually require a down payment of 20 percent or more, but do offer attractive interest rates. Both Fannie Mae and Freddie Mac financing options have loan terms that can last from one to about three decades.

There are also two other types of commercial financing. One is what’s referred to as a bank balance sheet loan, meaning the bank makes the loan entirely on its own and keeps it completely in house. Bank balance sheet loans will vary in interest rate, term, and down payment from lender to lender. Meanwhile, FHA also offers commercial loans, that typically start at $3 million, with a 20 percent down payment requirement.

Austin Apartment Loans

By | Austin Apartment Loans, Texas Commercial Loans

Austin apartment loans come in different forms and structures, from various sources. For instance, there are federally created, structured commercial loans, that are available through many well-known and established commercial lenders. Also, there are a number of smaller, private lenders that also offer loans for multifamily properties. Of course, these differ in terms and conditions. So read on to learn more about the different types of apartment loans in Austin and beyond.

Austin apartment loans are available for commercial property investors who want to buy existing multifamily properties or even build from the ground up. Let’s start with perhaps the best known of them all, which are Fannie Mae and Freddie Mac. Fannie Mae offers commercial-grade loans for as little as $750,000, up to several million. These loans generally require 20 percent down, but do come with very competitive interest rates and can range in term up to 30 years.

Meanwhile, Freddie Mac also offers commercial property loans that range from $1 million up to as much as $100 million. Similarly, this financing requires 20 percent down or more, though boasts competitive interest rates, and terms that can last for decades. Yet another option is something that is lesser-known, called bank balance sheet loans.  As the name implies, this type of financing is done completely in house and placed on the lender’s balance sheet. Last but not least or FHA apartment loans, which can be as little as $3 million or more. These likewise require 20 percent or more down, with rates and terms varying by the lender.

San Antonio Apartment Loan

By | San Antonio Apartment Loans, Texas Commercial Loans

San Antonio apartment loans essentially come in two different forms — government structured and backed, and private commercial financing. If you want to purchase a multi-family property or build a new commercial residential unit, you can do so through different types of apartment loans in San Antonio. Because these are offered in different ways and through different means, you’ve got to become familiar with their various elements. Read on to learn more about San Antonio’s apartment loans and what you need to know.

San Antonio apartment loans Basically come in five different packages. As stated above, there are federal, government-backed commercial loans, along with private resources, for the purchase of existing multifamily properties, or to build entirely new residential units.

Two of the most well-known in the industry are Fannie Mae and Freddie Mac. Fannie Mae apartment loans range in amount from as little as 750,000 up to Millions. The long-term can last as many as thirty years, require 20 percent down or more, and offer competitive interest rates. Freddie Mac offers commercial loans ranging from $1 million to $100 million,  also with a 20 percent down or more requirement, and likewise offers competitive interest rates.

A third option is what’s known as bank balance sheet apartment loans. These are made directly through private institutions for commercial investors, usually requiring at least 20 percent or more down, with interest rates and term lengths varying by the lender. Lastly, there are also FHA apartment loans which generally start at $3 million,  require 20 percent down or more, and have loan terms as much as 35 years. Then, there are apartment construction loans, made available through private commercial lenders.