(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:
Property Types: We also offer the loans for thre followiing types of properties:
· Mobile Home Parks
· Self Storage Facilities
· Industrial Buildings
· Single-use (case by case)
400 NORTH MOUNTAIN AVENUE, SUITE 223
UPLAND, CA 91786
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