Apartment Building Private Hard Money Financing [Nationwide]
Nationwide Apartment Building Private Hard Money Financing
Affordable, Accessible Rates & Terms for Apartment Building Acquisitions, Refinances, and Renovations.
Apartment Building Loans on 5+ unit buildings are a specialized type of real estate loan. In some cases, access to commercial capital in this niche is highly competitive, because even banks are eager to lend on already profitable apartment buildings. In those cases, you’ll find more competitive rates & loan terms.
On the other hand, if your apartment building is anything but tip-top shape with dependable rental income at market rates, bank financing will typically be off the table. This is where Private Apartment Building Lenders can fill in the gaps.
Some of the scenarios where Private Hard Money Loans make the most sense include:
- Apartment building Fix & Flips.
- Refinance to add value via renovations or rent & occupancy improvements.
- Refinance when banks said “No.”
- Refinance to cash out equity.
- Acquire undervalued / distressed apartment buildings.
- Acquire or refinance multiple apartment buildings in one blanket loan.
- Partner buyout or hostile takeover.
While this is by no means an exhaustive list of all the scenarios in which Private Hard Money makes the most sense for Apartment Building financing, these are some of the most common scenarios we see.
Plus, if you’re not satisfied with the bank’s rates or terms, it makes sense to at least shop for a few Hard Money quotes even if the apartment building you’re considering is something banks are happy & willing to finance.
Glassridge Apartment Building (5+ Units) Hard Money Loans
We’re a nationwide lender with a wide variety of Private Hard Money Loan Programs for all types of commercial properties & investment strategies, from short-term (1 - 2 years) to long-term (30+ years). Our Origination Fees & Interest Rates are some of the most competitive in the industry, and our ability to approve a wide range of borrowers on a wide variety of deal types is second to none.
Apartment Building Hard Money Loan Program Details
- Up to 60% - 75% LTV.
- Minimum Loan: $150k.
- Maximum Loan: $100m+
- Minimum FICO Required: 500
- Typical Loan Term: From 1 - 2 years (for short-term Bridge Loans) to 30+ years (traditional Commercial Financing).
- Ballpark Interest Rates: 6.5% - 12% (depends on many factors).
- Ballpark Origination Fees: 3% - 5%
We also have specialized Apartment Building Hard Money Loan Programs to help cater to the needs of your unique scenarios, including Foreign National Hard Money Loans, ARV-based LTV Loans, and Low Doc / No Doc Loans.
Other Types Of Commercial Properties We Can Finance
Beyond 5+ unit residential Apartment Buildings, we also have very similar programs for a wide variety of Commercial Real Estate.
Here is a list of some of the types of Commercial Real Estate (other than Apartment Buildings) for which we can provide competitive Private Financing:
- Office Buildings
- Retail
- Mixed-Use
- Industrial
- Warehouse
- Self Storage
- Restaurant / Bar / Venue
- And more!
If you’re wondering anything about Apartment Building Hard Money or any other type of Commercial Real Estate Financing, feel free to contact me here on BiggerPockets, or check us out at Glassridge.com.
Thanks!