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Multi-family up to $5 million
Wrightwood Financial is a leading provider of loans for existing apartment properties with 5+ units and mobile home parks with 15+ pads for loans sizes ranging from $500 thousand to $5 million.
Advantages of Wrightwood Financial’s multifamily loan finance program include:
- Highly competitive rate plans including 6 month, 3, 5, 7 and 10 year fixed terms, followed by floating rate periods up to 30 years and 15 year fixed rate, fully amortizing.
- 3 and 5 year interest-only programs
- Loan to values up to 80% of property value
- Fixed Lender Fees: $3,500 for apartments and $5,500 for mobile home parks (including appraisal, third party reports and lender’s legal fees)
- Fixed, declining prepayment penalties (no yield maintenance for defeasence)
For your apartment building mortgage, call Wrightwood Financial first.
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