MORTGAGE
BANKERS offers
choice
when it comes to multi-family (apartment buildings) loans.
Our clients utilize our financing programs for property acquisition
as well as refinancing. At MORTGAGE BANKERS,
we understand the needs of real estate investors and we make sure that you
get the best loan in today’s fast changing market.
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ADJUSTABLE RATE LOAN PROGRAMS(T13BI)
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12-MTA LOANS |
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12-MTA LOANS |
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Loan Amount: |
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Up to $499,999 (T11) |
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$500,000 - $15,000,000 |
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Amortization: |
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30, 25 or 15 years |
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30, 25 or 15 years |
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Term: |
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30, 25, 15 or 10 years |
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30, 25, 15 or 10 years |
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Margin: |
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2.65% ($300,000-$499,999) 2.95% (Less than $300,000) |
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2.20% minimum |
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Index: |
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12-MTA |
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12-MTA |
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Start Rate: |
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7.108% ($300,000-$499,999) 7.408% (Less than $300,000) |
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6.658% minimum |
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Loan Fee: |
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1.00% or $3,000 |
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1.00%-1.25% or $5,000 |
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Application Fee: |
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Only $1,000 |
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Only $2,000 or 0.125% |
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Appraisal Fee: |
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NONE |
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NONE |
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LTV: |
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Up to 75% |
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Up to 75% |
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Down Payment: |
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As low as 25% |
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As low as 15% |
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Prepay Penalty: |
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NONE |
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1 year |
hRates and Terms are
subject to change according to market condition
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FIXED RATE LOAN PROGRAM
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5 YEAR FIXED |
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10 YEAR FIXED |
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Loan Amount: |
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$500,000 - $15,000,000 |
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$2,000,000 - $15,000,000 |
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Amortization: |
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30, 25 or 15 years |
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30, 25 or 15 years |
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Term: |
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30, 25, 15 or 10 years |
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30, 25, 15 or 10 years |
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Index: |
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5-Year CMT |
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10-Year CMT |
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Start Rate: |
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Contact our office for rates |
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Contact our office for rates |
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Loan Fee: |
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1.00%-1.25% or $5,000 |
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$20,000 minimum |
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Application Fee: |
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Only $2,000 or 0.125% |
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Only $2,000 or 0.125% |
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Appraisal Fee: |
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NONE |
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NONE |
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LTV: |
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Up to 75% |
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Up to 75% |
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Down Payment: |
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As low as 15% |
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As low as 15% |
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Prepay Penalty: |
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6 month interest on loan balance |
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Loss of yield during Fixed period |
hRates and Terms are
subject to change according to market condition
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