Archive for February, 2014

APARTMENT BUILDING REFINANCES AT NEAR HISTORIC LOW RATES

Sunday, February 23rd, 2014

We assist many of our borrowers and investor clients as well by arranging financing for their apartment buildings. Whether a purchase or refinance, we can assist in arranging up to $5,000,000.00 of permanent financing through one of our institutional lenders that we interface with.

Last week we locked in a 10 year fixed rate loan with Fannie Mae for a very low rate of only 4.2%. Since we obtain loans at Par pricing and it was for a good client of repeat business, we only charged the client 1/2 point for a fee.

We have 35 years experience in arranging financing on apartment buildings in addition to our regular note purchase business. If you are looking to refinance or buy a building here in So. California, be sure to give us a call to get a quote.