Commercial / Multifamily Apartment Building

Cascade financial and Co. is a proven leader in Multifamily Apartment Lending.  We will provide a ready source of capital as well as underwrite loans for small and large apartment complexes.

Act now! and discover why we have the most aggressive apartment financing on the planet!

Borrowers:

One or more individuals, Corporation, Limited Liability Company, General or limited partnership, Joint venture, Limited liability limited partnership, Trust

Multi Family (Greater than 5 units)

• No DTI / No Ratio
• Borrower’s income not needed for Loan Qualification
• Max Amortization up to 40 years
• Min DSCR >= 1.15x
• Max LTV <= 80%
• Fixed Rate Hybrid Loans including 3, 5, 7, 10 and 15-Year Fixed
• Net Cash Flow calculations include reserves for Vacancy, Management and Replacement Reserves ($200-$300/unit)
• Interest Only Program
• Conduit Advantage program with the lowest rates
• Conduit PLUS program with No Defeasance

Property Subtypes include:

• Low, Mid & High-Rise tments
• Student & Military Housing
• Mixed Use considered with no more than 25% of the income from commercial tenants.
• Note: Properties with SRO, shared bathrooms/kitchens or weekly occupancy patterns are not acceptable.

Tagged as: Apartment Buildings