Apartment Finance

HomeApartment Finance

HTML Template

Apartment financing is offered for all types of projects over 5 units. Whether you need financing for a purchase or refinance, BIB Capital Management Group has access to the best funding solution currently available on the market. Thanks to the experience working with different lenders over the course of the last decade, we can offer our borrowers highly customized apartment financing solutions to help meet their individual and investment needs and requirements.

There are several different types of loans available for a multifamily purchase. These loans include the small balance loans and the large balance loan. The small balance loan is usually reserved for applicants who need to borrow between $500,000 US Dollars (USD) and $5,000,000 (USD). The large balance loan typically covers loan applications for amounts in excess of $5,000,000 (USD). Other, more specific types of loans may be available, depending on the location of the multifamily property.

For smaller loans under $5 Million we offer a facilitated apartment loan program that offers many lending advantages including less paperwork and faster closings than ever before. Through a streamlined loan process, borrowers save time and money with reduced document requirements and streamlined third party reports. This loan process allows for quick closings, often under 45 days from receipt of application package.

  • Quick Apartment Loans under $5 Million

    Our Small Balance Apartment Loan Program simplifies the process of obtaining apartment financing for apartment loans under $5 million. Through a streamlined loan process, borrowers save time and money with reduced document requirements and streamlined third party reports. This loan process allows for quick closings, often under 45 days from receipt of application package.


    Program Highlights

    • Apartment Loans from $500,000 - $5,000,000
    • 25 to 30 Year Amortizations
    • 3, 5, Year Fixed Rate Terms
    • No Defeasance or Yield Maintenance
    • No Commitment Fees
    • No Replacement Reserves
    • No Balloon or Call Provisions
    • Step Down Prepayment
    • Minimum DSCR of 1.25:1
    • Assumable at Lender Discretion
    • A, B primary and C Property Types Considered on a case by case basis
    • Mixed-Use Commercial/Residential Acceptable to 20% Commercial Use

     

  • Best Alternative to HUD Financing

    BIB Capital has an alternative to HUD financing that will allow a qualified borrower to close an apartment loan in as little as 45 days. This is a tremendous advantage to the cumbersome process and time frame normally involved with a HUD underwritten loan. The rates offered are at or below what a HUD guaranteed loans if able to offer, and again the loan finalization process is much less painful.

  • Apartment Loan Program Highlights (up to $10 Million)

    Program Highlights

    • Purchase transaction
    • Refinance, cash-out, and no cash-out
    • Loan amounts from $250,000 to $10,000,000, higher or lower amounts on a case-by-case basis
    • Layered risk-based pricing ensures lowest rates
    • Flexible loan terms
    • Secondary financing may be allowed (purchase transactions)
    • Various prepayment options
    • Assumable
    • Maximum LTV: 70% for purchase and 65% for refinance
    • Eligible property types are residential (5+ units) and mixed use

     

    Contact us to learn more about the apartment finance program.