Great multifamily projects which remain highly occupied in metropolitan areas have become in great demand and short supply. Likewise, for qualifying projects, certain commercial mortgage-backed securities loan programs may offer borrowers the lowest, long-term fixed rates available. However, not every program comes without unwanted terms.
Aligning the loan program with the investor’s strategy is our specialty. Would you like to hold that property for the next 10 years? Five years? If not, then wouldn’t a shorter-term loan structure without prepayment penalties be preferable, or, better yet, what if we could help you get into an assumable loan with very low interest rates? That loan may increase the value of your property!
Contact Zenith Assets today to find out more about our multifamily lending programs for projects in excess of $2million.