Monthly Archives: May 2015

Announcing Our Best Apartment Building Loan Program Ever!

Select Commercial is pleased to announce a new program for the purchase or refinance of apartment buildings with the lowest rates and best terms we have ever offered!

Here are the features and benefits of these loans:

  • 5 year fixed rates as low as 3.05% today.
  • Nationwide lending. Metropolitan markets preferred.
  • Rates fixed for 5, 7, or 10 years.
  • Adjustable rate option after conclusion of initial fixed rate.
  • 30 year amortization.
  • Interest Only payments allowed.
  • Easy step-down prepayment penalties (no yield maintenance or defeasance).
  • Up to 80% LTV ratio.
  • As low as 1.20x debt service coverage ratio.
  • Many prepayment options to choose from.
  • Free rate lock for up to 90 days.
  • Loans from $1,000,000 and up.
  • Conventional multi-family (5+ units), including housing with tax abatements and Section 8 vouchers.
  • Loans for purchase or refinance.
  • Cash-Out refinances acceptable.
  • Non-Recourse
  • Tax escrows, Insurance escrows, and Replacement Reserves may be waived (subject to applicable guidelines).
  • Credit scores as low as 650 acceptable.
  • Very low application fees.

If you have a deal to discuss with us, please feel free to call us at 1-877-548-9454 or click here to complete an online inquiry.