Apartment Loan Expert

Apartment Loan Expert Apartment Loan Expert is an online apartment loan broker providing a better way for apartment owners

Loan Amount: $4,200,000Cash out refinance loan for 7 years fixed at 3.1% with 30 year amortization on a 15 unit multifam...
10/05/2021

Loan Amount: $4,200,000
Cash out refinance loan for 7 years fixed at 3.1% with 30 year amortization on a 15 unit multifamily property in San Gabriel Valley.

‍Transaction Details:

Rate: 3.10%
LTV: 65%
Prepayment: 5 Year Step Down
Guaranty: Recourse
Loan Funded: 2021

A.L.E secured the lowest rate on this cash out refinance for the sponsor on a stabilized 15 unit condo building being operated as apartment rental. The sponsor was able to reduce their interest rate over 1.25%.

https://www.apartmentloanexpert.com/loans/15-unit-refinance

60-Unit Senior ApartmentAZUSA, CALoan Amount: $9,000,000New construction cash out refinance loan, 3 years I/O and fixed ...
06/24/2021

60-Unit Senior Apartment
AZUSA, CA
Loan Amount: $9,000,000

New construction cash out refinance loan, 3 years I/O and fixed rate for 10 years at 3.25%.

‍Transaction Details:

Rate: 3.25%
Fixed Rate Term: 10 Years
LTV: 70% Max
Prepayment: 6 Year Step Down
Guaranty: Recourse

A.L.E. arranged a cash out refinance loan for a newly constructed senior apartment building as it was in the final stages of lease up. The property was leased to 90% occupancy and we were able to negotiate out seasoning requirements on the new leases. The financing provided large cash out with incredibly low fixed rate to recapitalize the sponsors equity and allow them to reinvest into additional real estate.

10-Unit Purchase OCORANGE COUNTY, CALoan Amount: $1,500,000Purchase loan request fixed for 5 years at 3.25% with 30 year...
06/24/2021

10-Unit Purchase OC
ORANGE COUNTY, CA
Loan Amount: $1,500,000
Purchase loan request fixed for 5 years at 3.25% with 30 year amortization for a stabilized apartment building in Orange County.

‍Transaction Details:

Rate: 3.25%
LTV: 60%
Prepayment: 5 Year Step Down
Guaranty: Recourse
Loan Funded: 2021

A.L.E. arranged a competitive rate permanent financing for the purchase of a 10-unit apartment building Orange County for a sponsor exchanging from two other properties. They required a certain amount of loan funds to cover the balance from the exchange and A.L.E. was able to identify the best lender who could meet their loan proceeds requirements while offering a fantastic rate.

https://www.apartmentloanexpert.com/loans/10-unit-purchase-oc

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