Small Apartment Loans
Financing options under $1MM can be quite limited for apartment properties. Apartment.loans has built a specialty platform for apartment loans from 250k to $1MM.
Small Apartment Loans Under $1MM
Due to the sheer lack of sources, it isn't hard to tell that one of the most underserved financial markets in the United States is for what some would consider "micro" apartment property loans. Although a cool $250,000 is nothing to scoff at, loans under $1 million for multifamily investments are not only rare, but purposefully overlooked-- after all, it costs a lender the same amount of money to originate a $250,000 loan as a $20 million loan. Not only that, but 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 (having to originate more small loans to reach the same commission that they could make from a single, large loan).
Apartment Financing Between $250,000 – $1 Million Eligibility Requirements and Program Highlights:
- Loan sizes: From $250,000 up to $1 million
- Credit Score: 580 or higher required
- LTV: Up to 80%
- Terms: Up to 10 years or more fixed
- Amortization: Up to 30 years, with interest-only options
- Non-recourse for multifamily loans over $750K
- Low-documentation programs available
- Multifamily loans over $750k offered with terms of up to 30 years (fixed)
- Certainty of Execution
- 30 - 45 Day Loan Closing
- Aggressive Terms
- White-Glove Customer Service
- Multiple Loan Options