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Home  >  Apartment Loan Center  >  Small Balance Apartment Loans  >  Banc-Series Program

 

>  Banc-Series Apartment Rates Main  >  10 Year Fixed Apartment Loan Rates

 
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Banc-Series 10 Year Fixed Apartment Loan Rates

CommercialBanc Banc-Series™ apartment loans offers borrowers low fixed-rate financing for the first 10 years of the term followed by a conversion to a 6 month adjustable-rate for the remainder of the 30 year term, providing fully amortized non-balloon apartment financing.
Fixed Rate Buy Down Rate Lock Term Index Margin
6.15% 100 BPS 60 Days 30 Years 6 Mo LIBOR 2.50%
6.27% 50 BPS 60 Days 30 Years 6 Mo LIBOR 2.50%
6.38% PAR 60 Days 30 Years 6 Mo LIBOR 2.50%
6.55% + 50 BPS 60 Days 30 Years 6 Mo LIBOR 2.50%
 
Banc-Series™ interest rates are updated on a daily basis, Monday-Friday, by 11:45 EST., except on nationally recognized holidays.
 
View Detailed Banc-Series Apartment Loan Rates
3 year fixed-rates 5 year fixed-rates 7 year fixed-rates
10 year fixed-rates 15 year fixed-rates  

--  Prepayment Premium: 5, 5, 4, 4, 3, 2, 1, 1, 0
--  Add 10 basis points to the apartment loan rate for LTVs greater than 75%
--  Add 25 basis points to the apartment loan rate for loan sizes under $500,000
--  Add 10 basis points for mobile home park properties
--  Apartment rates are subject to change and may not be available at the time of closing.
--  Interest Rates will not be locked until all documents requested have been received. 


INTEREST RATE IS FLOATING UNTIL THE TIME OF LOCK

 

Banc-Series Apartment Loan Program Overview

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  • Apartment Loans from $500,000 - $5 million
  • 15 and 30 Year Amortizations
  • 3, 5, 7, 10, 15 Year Fixed Rate Terms
  • No Defeasance or Yield Maintenance
  • Interest Only Payment Options
  • No Lender Points
  • No Commitment Fees
  • Limited Appraisal - No Environmental
  • No Replacement Reserves
  • Monthly / Annual Leases Acceptable
  • Substitute Leases With Bank Statements
  • No Balloon or Call Provisions
  • Maximum LTV 80% / 85% CLTV
  • Step Down Prepayment
  • Minimum DSC of 1.20:1
  • Standard 1 Fee Closing Cost
  • No Outside Legal Fees
  • 60 Day Rate Lock
  • Limited Impound Requirements
  • Section 8 - Subsidized Rents OK
  • Assumable at Lender Discretion
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