Where Can You Find Outstanding Apartment Loan Rates?

1. Find Best Apartment Loan Rates from the Industry Experts at ALB Commercial Capital Do you want the best apartment loan rates on your loan volume? If yes, keep on reading to discover the secret to get best apartment loan rates. Interest rates for apartment loans differ between licensed loans originators as each of them has a specific internal profit margin they are trying to achieve. ALB Commercial Capital has an alliance with nation’s best mortgage brokers where the affiliation ensures the best apartment loan rates at the minimal costs. Most Common Factors that Affect Best Apartment Loan Rates The population size of the assigned MSA will impact the pricing. Smaller population centers are priced wider than the same property located in a larger population center. Make sure your mortgage banker checks the subject property rents against the affordability index used by the loan type. Both of these lenders will apply a rate discount if the average rents for on your subject property fall below a certain economic threshold. If they do, you could see a reduction on the street quoted apartment loan rate between 10

2. and 15-basis points. This doesn’t mean your property has to come with low income tax housing credits, it just means your market rent property is collecting average rents below the mean in your submarket. There are no on-going restrictions on the rents should you wish to increase the rents during the life of your new apartment loan. Is your mortgage broker experienced enough to be able to identify abnormal expense levels? As a standard practice here at ALB Commercial Capital, we study the historical operating expenses. Often a property owner has the option of classifying an expense as an ongoing operating expense or to treat this same expense as a capital item. What difference could this make to the loan you are in the process of obtaining? If the mortgage broker can demonstrate to certain expenses found in the operating expense column could be reclassified as capital expenditures the lender’s underwritten cash flow will go up which in turn will increase the DSCR (Underwritten Debt Service Coverage Ratio). The higher the DSCR the lower the interest rate. Moving the DSCR from 1.25x to 1.50x could result in a further reduction in interest rates by 10 to 15 basis points. As a general rule, the loan to value follows these same principals. The lower the loan to value, the lower the apartment loan rates will be because the DSCR ratio on a lower leverage loan is generally higher than on a higher leverage loan. The nation’s best lenders have their own specific closing apartment loan rates. It is difficult to know which lender has the lowest apartment loan rates for closing before you are engaged. Reduce these closing costs surprises by working with experienced mortgage brokers like ALB Commercial Capital that can provide accurate estimated closing costs before you are financially committed to best apartment loan rates. Nobody likes paying fees. If your mortgage broker charges a fee of 1.0% how does equate to the interest rate charged on the loan? On a 10-year fixed rate term loan with a 30-year amortization roughly a 15 basis point swing in interest rates is equal to 1.0% in proceeds or on present value basis coverage the mortgage brokers 1.0% fee. Want to secure the best apartment loan rates for you? Discover the options with the nation’s best lender – ALB Commercial Capital! To know more; get in touch with the expert loan advisors at ALB Commercial Capital! CONTACT US Address:2476 Lake Ave.Altadena, CA 91001 USA Phone:800 5102214 Email Id: info@albcommercialcapital.com Website: http://albcommercialcapital.com