ALLIED EQUITY A Diversified Mortgage Company
400 North Mountain Ave., Suite 223, Upland, CA 91786
Phone  909-932-9226 Fax  909-803-9840

APARTMENT LOANS

(also mobile home parks and mixed use properties)

 

Apartment buildings with units of 5 or more, fall in the apartment building "commercial" loan sector. If there are a multi-family units of 1-4, then those are still considered conforming properties and the conforming guidelines cover those purchases of a multi-family building up to 4 units. Once an investment property contains 5 or more units, then we commonly refer those "multi-family apartment" buildings.

 

Apartment with units, 5 or more:

On our Multifamily “A” Loan Program, we’ve lowered the minimum loan amount from $1,000,000 to $500,000!  Also, on our Multifamily Standard Loan Programs, we’ve lowered the interest rates on the 3, 5 and 7 year fixed rate programs!  

 

Loan Program guidelines:  

  • Fast Closings- Streamlined process to help close Aprtment loans fast and quickly
  • Lending in California (including San Bernardino and Riverside Counties!)
  • Loan amounts ranging from $300,000 to $6,000,000 (case by case over that amount)
  • 75% ltv with 1.15% Debt Coverag ratio ( case by case basis available)
  • 70% cash out loan to value (case by case if over that amount)

Property Types: We also offer the loans for thre followiing types of properties: 

·         Multi-Family/Apartments  

·         Mobile Home Parks  

·         Self Storage Facilities  

·         Industrial Buildings  

·         Office  

·         Retail  

·         Mixed-use  

·         Single-use (case by case)  

  •       Owner user or Investor Properties  
  •       LTV’s up to 75% on purchases & rate/term refinances and up to 70% LTV on cash-out refinances
  •       Cooperate with Seller carry backs or outside 2nds up to 80% CLTV (subject to qualifying)

 

 

APPLY ONLINE

 

 

 

ALLIED EQUITY

400 NORTH MOUNTAIN AVENUE, SUITE 223

UPLAND, CA 91786

OFFICE: 909-932-9226

EFAX: 909-803-9840

 

All Rights Reserved. Allied Equity 2012

Joe Sanchez
Allied Equity
Ph: 909-932-9226Fax:909-803-9840
400 North Mountain Ave., Suite 223
Upland, CA 91786 US
CA DRE License # 01201910, NMLS: 359382, Company ID: 359090
www.alliedequity.com
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