Kendall Realty Advisors Loan Program

Showing posts with label FHA apartment Loan. Show all posts
Showing posts with label FHA apartment Loan. Show all posts

Sunday, September 18, 2011

Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: FNMA SMALL APARTMENT LOAN THE PROCESS

Small Apartment Loans Chicago - Fixed Rate Non-Recourse Low Cost Apartment Loans Nationally: FNMA SMALL APARTMENT LOAN THE PROCESS

The Process - These loans have a process and they require good documentation. A commitment or rate lock will not happen until all the reports are in and all of the underwriting is complete. Once the commitment is issued, a rate lock and closing can be done quickly. If a loan does not fit the program an application will not be issued.
We will review some basic information about the properties historical income and the borrower's financials situation and then issue a quote. If the borrower likes the quote they will receive and sign the application and send the application deposit. The appraisal and other reports will be ordered. Once the reports are in and the borrower has submitted all the required documentation, the commitment will be issued. The borrower documents include organizational documents, personal financial statements, copies of bank statements, real estate schedules, property income and expense statements, rent roll, copies of leases as well as other forms.

Thursday, September 8, 2011

Apartment Lender Apartment Loan Pricing

FANTASTICALLY - LOW RATES - BEST RATES SINCE 1958!

Tuesday, September 6, 2011

#Apartment #Loan #Rates hit new #lows.

Apartment, lender, FHA 223 f - FNMA commercial mortgages best service/rates Apt.loans JV 30 years in commercial RE Kendall Realty - Apartment Loans http://bit.ly/Wrs4l

The yield on the benchmark ten-year note hit a record intraday low of 1.929% today.
Despite ending the session well off its lowest levels of the day, the ten-year yield still set at a new record closing low of 1.97%. This is the first time it has broken 2% since the 1950's.

Friday, August 12, 2011

Busted Condo Refinance as Apartments



Kendall arranges $2,100,000 first mortgage on Glenlake Apartments. The property was original rehabbed at a cost of close to $5,000,000 but the condo lender Private Bank discounted the loan by $1,000,000 and released another $500,000 from the property loan.

The borrower was given 12 months to receive a discounted pay-off by the original condominium construction lender. Several banks declined the loan but Kendall was able find a lender for the borrower even if he had very high leverage.

Kendall arranged a loan and it closed within two month from the signing of the bank agreement.

Friday, June 3, 2011

LOw very Low Rate on Apartment Loans don't miss your chance for historic savings

Interest Rates have fallen below 3% for ten year treasuries leading to near the lowest apartment loan interest rates in history. You can lock in FHA 223 f loans for 35 years in the low 4% range.
 #FHA #Fannie Mae DUS#FreddieMac: http://t.co/eYzcVNS
FNMA Freddie Mac near historic lows on rates

Wednesday, May 4, 2011

Apartment Loan Rates Nationally

Small Apartment Loans 10 year fixed rate loans 5.65% $750,000 and up
Bank lending heats up 5-50 units Chicago Area 5% and up
Large Apartment Loans 10 year fixed rate FNMA 5.45% - Seven Year loan 4.96%

Rate reduction for large deal with competing Freddie quote 20 or more basis points can reduced to match other quoted rate but with a much faster delegated closing.
APARTMENT LOAN PROGRAMS

FHA 223(f) 4.5% plus MIP

Tuesday, May 3, 2011

Chicago Apartment Loan Rate National Loan Rates Apartments

FNMA 10 year apartment 5.49% - Seven Year 5.09% FHA 223(f) FHA 232 223(f) 4.5% plus MIP 

Small Apartment Loans 10 years fixed 5.67%


SEE LINK BELOW FOR UPDATES

Thursday, April 14, 2011

FHA 223(f) Multifamily Loan Agency Loan Rates April 14, 2011

FHA 223 F rates are 4.5% for thirty five years -

Agency 10 Rate for tier II  ten years is 5.75% and the seven year rate is  5.40%

The ten year treasury is at 3.44% at the time of this update.

Apartment Rates

Wednesday, April 13, 2011

FHA 223(f) Multifamily Loan Agency Loan Rates April 2011

FHA 223 F rates are 4.75% for thirty five years -

Agency 10 Rate for tier II  ten years is 5.84% and the seven year rate is  5.46%

The ten year treasury is at 3.54% at the time of this update.

Apartment Rate Chart Updates

Tuesday, April 12, 2011

Chicago Apartment Commercial Mortgage

Updated Posts September 2011

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