Denver Commercial Loan
Our primary focus is Multi-family loans using institutional lenders such as life and pension lenders. Or agency loans utilizing HUD or Fannie Mae. Hard Money Loans are also available for any kind of project.
Apartment Loans From $500,000 – $5,000,000
•15 and 30 Year Amortizations
•3, 5, 7, 10, 15 Year Fixed Rate Terms
•No Defeasance or Yield Maintenance
•No Lender Points
•No Replacement Reserves
•Monthly / Annual Leases Acceptable
•Substitute Leases With Bank Statements
•A, B and C Property Types Considered
•No Balloon or Call Provisions
•Maximum LTV 80% / 85% CLTV
•Step Down Prepayment
•Minimum DSC of 1.15:1
•Standard 1% Fee Closing Cost
•No Outside Legal Fees
•60 Day Rate Lock
•Limited Impound Requirements
•Assumable at Lender Discretion ◦3% Seller Concession Allowed on Purchases
◦10% Seller 2nd Allowed on a Case by Case Basis
◦Mixed-Use Commercial/Residential Acceptable to 25% Commercial Use
Mobile Home Parks Eligible for Apartment Loan Program with 15+ Pads
Property management experience is generally required for properties with 12 or more units, or property management letter and resume may be substituted.
Competitive closing costs for apartment loans to $5 million. Costs include standard third party reports including inspection, appraisal, engineering, environmental, lender fees, document fees, and in-house legal.
Apartment Loans From $5,000,000
•Customizable Fixed Rate Terms — 5, 7, 10, 15, 18, 20, 25, & 30 Yr. Terms
•Defeasance, Yield Maintenance, and Decreasing Term Prepayment Options
•Single or Multi-Asset Properties
•Cash, MBS, or DMBS Execution
•365 Day Extended Rate Locks
•Balloon or Non-Balloon Terms
•Non-Recourse Above $1.5 Million
•Tiered Risk-Based Pricing
