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Multifamily

Apartment Building
RPA Commercial Loans

As a national commercial mortgage brokerage, we at RPA Commercial Loans strive to get the best outcomes for our clients. Our strong relationships with local, regional, and national funding sources, including banks, credit unions, private equity firms, life companies, REITs, and syndicators provide us the best opportunity to meet your funding needs, regardless of loan amount.

Our purchase money and refinance options include bridge loans, rehab/construction, purchase-money, term loans, CMBS, SBA, USDA, Fannie Mae, Freddie Mac, and more.

Submit your application requirements to us today, and let us see what the marketplace has to offer for your needs.


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Multifamily Loans

Multifamily loans can be placed with banks, credit unions, REITs, agencies (e.g. Fannie/Freddie), and elsewhere. In fact, multifamily loans are the easiest commercial loans to place.

Where things get interesting is if a property is purchased that has defects, such as low occupancy, needs extensive renovation, or has building code violations. A bridge loan is needed for deficient properties, and there are more bridge lenders than any other category.

If you can qualify for an agency loan, LTVs up to 80%, or even more in some cases, are available. Permanent loans can offer fixed or variable rates and durations up to 25 years.

Contact us today with the details for your multifamily property, and let us explore your options with you.

Refer to our Agency Loans page for information on Fannie Mae.

Bridge Loans

Bridge loans are a good option for short-term (6 mos to 3 years) needs. With regard to multifamily, a bridge loan can allow you to rehab or upgrade a property or to increase occupancy to a level that will qualify for long-term financing (90-95%).


Fixed-Rate Loans

A fixed-rate loan offers payment certainty, as the only variations to your monthly payment will be annual increases in property taxes and insurance costs. In a declining interest-rate market, however, a fixed rate can work against you.


Adjustable-Rate Loans

Adjustable-rate loans usually offer lower interest rates than fixed-rate loans. In a declining interest-rate environment, your payment can actually decrease periodically. However, if interest rates rise, your payment will also increase.

LOAN CATEGORIES

Bank-Agency Loans
BANK/AGENCY LOANS

Referred to as Institutional, Permanent Loans, this category represents loans made to well-qualified borrowers. Debt Service Coverage Ratios from 1.25 to 1.55 and Occupancy Rates of 90% or greater, along with a high credit score are basic requirements for this type of loan. Most deals do not qualify for these best rates.

Alt-A
ALT-A

Usually deals that just miss the mark on A-Paper loans can qualify under Alt-A. Rates will be a little bit higher, but underwriting won't be as strict. DSCR ratios up to 1.25 can qualify, and credit scores from 650 will be considered. Occupancy rates usually will need to be at 90% or greater for the last 90 days. 

Hard Money Loan
HARD MONEY/bridge

Short-term loans fall into this category. This is our most popular loan option and allows a borrower to upgrade the property over six months to three years. Upgrades could involve renovation or rehabilitation, increasing occupancy, or simply improving the credit score or cash position of the borrower over time.

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