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For those who donu2019t know, ALB Commercial Capital is the leading provider of financing for multifamily properties. The Fannie Mae multifamily lending is one of the single largest sources of capital to the multifamily housing market. Our platform provides financing for the acquisition or refinancing of multifamily properties, including 5 unit apartment buildings and condominiums etc. Check your possibility for Fannie Mae multifamily lending option and call us at ALB Commercial Capital on 800-510-2214 if you have anything to ask or willing to qualify for the loan program. <br>http://albcommercialcapital.com/
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Why choose Fannie Multifamily lending for commercial investment? ALB! When it comes to financing multifamily properties, including apartments, student housing, affordable, housing, assisted living, as well as other healthcare facilities, Fannie Mae multifamily lending typically offers the most competitive fixed rate and floating rate financing. Fannie Mae multifamily loans are particularly well–suited for affordable apartment financing, and can easily fund your dream apartment. It is also a good choice for financing properties previously under HUD legacy programs. Are you in search of a private mortgage finance company to lend you Fannie Mae? Then, ALB Commercial Capital is the optimum destination to be reached. They provide best apartment loans at affordable loan rates.
The process: • First thing to understand is that Fannie Mae multifamily lending has a process and they need a bunch of documentation. These lenders do not issue a commitment or lock rate until all the reports are in, as well as all of the underwriting is complete. However, once the commitment is issued rate lock and closing can be made quickly. • As a general overview of the process the lender will review some basic information about the properties historical income and the borrower’s financials circumstance and then issue a quote or else application. This application will not generate the borrower anything, but be an indication of what the lender believes they can do. • If the borrower likes the quote, they will sign the application and provide the lender with an application deposit. Once the reports are in and the borrower has submitted the lender will lock the rate and close the loan.
Rates: The rate of FannieMae multifamily lending is determined by a number of factors including the LTV and DCSR on the property as well as loan size and term. Because of this you may get diverse quotes from different lenders depending on how aggressively they are in both their preliminary underwriting and in their final underwriting. Since the rate on these loans is not locked until after the commitment the rate can change. When getting a quote a lender will give you the current rate as well as a spread on the apartment loan. Having the spread allows or permits you to track the rate. If when you get the commitment, the spread is different than on the quote you should ask about this to understand the differences, as well as what occurred.
Why Fannie Mae? With all these needs why should I even consider Fannie Mae multifamily lending? Well the main motive is a long term loan at very low fixed rates! Most of these loans are of ten years with the rate fixed for the term of the loan. The second reason is these loans are non-recourse loans. Banks are almost always recourse lenders. On a non recourse loan if the deal fails and you default on the loan they can only take the property leaving all your other assets protected.
Want to choose ALB Commercial Capital for Fannie Mae multifamily lending? Hurry up! Get-in-touch with us now: ALB Commercial Capital 2476 Lake Ave, Altadena CA 91001 USA Tel (Office): 626-296-7777 Tel (Toll-free): 800-510-2214 Fax: 626-296-7771 Email: info@albcommercialcapital.com Website: www.albcommercialcapital.com
