Multifamily Finance – Refinance into Lower Rates
It’s really very simple. There are several new products available on the market today that allow apartment building owners and multifamily development asset managers to refinance their multifamily loan into much lower rate financing facilities.
Small balance multifamily loans, those commercial loans from $1 million to $5 million will find the most aggressive rate and term programs. With rates reaching below 3% in some cases and almost always below 4%, even with cash out, it is silly not refinance at this time.
Pulling some cash out when using multifamily financing can be a great way to extract capital for additional purchases. Apartment lending has in the small balance commercial loan category has been tight for many years, however, these new programs have opened up the investment game for the smaller properties with small loan balances.
To find out how you can take advantage of multifamily finance in the small balance category and use that money of improve current properties, consolidate date or even acquire other multifamily assets and apartment buildings then give Michael Gross a call. Dividend America Commercial Lending is an expert in the small balance loan space for both long-term senior debt and short term bridge loans.
Lending in all 50 states and focusing on multifamily finance in the markets and submarkets listed in the S&P Case Shiller Home Price Index and the surrounding secondary markets to those cities. We look for opportunities in: Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore.