Apartment mortgage loans are categorized as commercial mortgages. They are taken out by companies and businesses to buy apartment buildings. There are various factors to consider when one is attempting to decide which type of apartment mortgage loan to take out. You need to find the right mortgage company that will fund the necessary amount to fund the project.
While some mortgage companies have a maximum loan amount limit of $5 million, which is not sufficient to fund the bigger apartment buildings; therefore, it's important to connect with the right brokers. There are numerous loans for apartment complexes of all sizes. An important fact to keep in mind is that the total amount of money required for an apartment mortgage loan is a bit higher than for a smaller property, such as a home.
When looking for an apartment mortgage loan, interest rates are equally important and are available fixed or variable, depending on qualifications and need of the client. Ocean Pacific Capital has the apartment mortgage loan for almost every borrower, whether you are a real estate developer or investor. Based on individual needs, our clients can choose the type of apartment mortgage loan that is best suited for their apartment size and the number of units.
Since 1977, Ocean Pacific Capital is an independent and licensed mortgage broker specializing in all types of residential and commercial mortgage loans. Whether you are looking to purchase, construct, or refinance an exisiting apartment, we can help you obtain the necessary financing. For more information, email or call us today to speak to one of our experienced commercial loan specialists. We look forward to helping you.
your financing needs,
we will tailor a loan that's right for you.
Daily Oil & Gas and Wall Street Journal News
After receiving approvals from FERC, Venture Global LNG said it will start construction immediately on its Calcasieu Pass export terminal.
Wall Street Journal
WSJ.com: Commercial Real Estate
CBRE Global Investors Buys Stake in Three GGP Malls One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
FAO Schwarz Is Returning to New York A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.
Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.