Multifamily Financing – Refinance & Acquisition Rates as low as 4.375%
For multifamily financing with refinance rates as low as 4.375% look no further! DACL is proud to introduce the Enterprise Funding Program specifically designed for the refinance or acquisition of stabilized multifamily housing assets in the $1 million to $7.5 million range. Finally, a program that gives small multifamily developments from apartment buildings to apartment complexes and small multifamily housing communities the attention and low rates that they deserve.
This multifamily financing program is designed to provide the lowest rates available for stabilized multifamily housing properties. Refinancing a multifamily housing loan nets the lowest rates available on the market today. With Dividend America’s Enterprise Funding Program, multifamily housing real estate investors who have LTV’s of 80% or less on a stabilized asset can qualify for a rate and term refinance of their multifamily financing for as low as 4.375%!
Refinance Multifamily Financing and Apartment Loans
The Enterprise Funding Program for Multifamily Financing helps operators and investors of smaller multifamily housing assets by providing them with interest rates that can dramatically increase cash flows! When cash flow can be doubled there is no need to pull cash out! The aggressive interest rates are designed to help real estate investors of stabilized properties by giving them the additional cash flow they need to; make repairs, upgrade units at turns or save up and purchase additional multifamily housing assets!
Interest rates on these multifamily financing and apartment loans start at 4.375% and the highest rates generally do not exceed 4.875%. Making the decision to refinance a multifamily housing loan with a rate above 5.5% is a no-brainer, especially when the payment savings can pay for the costs associated with the loan… even when there is a prepayment penalty involved! When the cost of the refinance can be regained in cash flow increase over an 18-36 month period, then the refinance of multifamily loans is general a good idea!
Acquisition Multifamily Financing and Apartment Loans
The Enterprise Funding Program for Multifamily Financing also provides those sponsors/borrowers with cash on hand the ability to use high LTV multifamily loans to purchase existing stabilized assets. With as little as 20% down can purchase a stabilized multifamily housing asset using these low, low rates to create huge cash flows and add valuable assets to their existing portfolios!
Never before have real estate investors in the $1 million to $7.5 million multifamily loan amount range had the opportunity to get rates so low. With fixed periods up to 10 years, amortization periods of 30 years and 80% LTV, now any apartment real estate investor can buy stabilized and value add multifamily housing assets and apartment communities using flexible multifamily residential loans.
Enterprise Funding Program Multifamily Residential Financing Details:
- Nationwide! All 50 States
- Purchase or Refinance
- Loan amounts from $1 million to $5 million
- Up to 80% LTV
- Fixed periods for 5, 7 and 10 years!
- Rates from 2.875% to 4.25%
- Non-Recourse!!! (standard bad boy carve-outs apply)
- Eligible Properties: Conventional multifamily housing with 5 residential units or more, including conventional multifamily housing assets and apartment communities with tax abatement and Section 8 vouchers.
Lending in all 50 states and focusing on Multifamily Financing and Apartment Loans 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.