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Your Single Choice in Multifamily Lending

 
 
 

Small Balance Apartment Loans

  For apartment loans under $5 million, please visit CommercialBanc's Small Balance Apartment Loan Program page.
 
 
 

Today's Apartment Loan Rates

Fixed Rate Term Amort LTV

Banc Agency Series

5-yr 3.52% 5-yr 30-yr

   55%

5-yr 3.74% 5-yr 30-yr

   65%

5-yr 3.94% 5-yr 30-yr

   75%

7-yr 3.83% 7-yr 30-yr

   55%

7-yr 4.05% 7-yr 30-yr

   65%

7-yr 4.25% 7-yr 30-yr

   80%

10-yr 4.21% 10-yr 30-yr

   55%

10-yr 4.43% 10-yr 30-yr

   65%

10-yr 4.63% 10-yr 30-yr

   80%

12-yr 4.49% 12-yr 30-yr

   55%

12-yr 4.71% 12-yr 30-yr

   65%

12-yr 4.91% 12-yr 30-yr

   80%

15-yr 4.73% 15-yr 30-yr

   55%

15-yr 4.95% 15-yr 30-yr

   65%

15-yr 5.15% 15-yr 30-yr

   80%

30-yr 5.36% 30-yr 30-yr

   55%

Rates assume $3MM min loan size
Click for rates under $3MM

HUD FHA 223(f)

35-yr 3.95% 35-yr 35-yr

   83%

HUD FHA 221(d)(4)

40-yr 4.55% 40-yr 40-yr

   83%

Banc Plus Series

5-yr 3.86% 30-yr 30-yr 75%
7-yr 4.69% 30-yr 30-yr 75%
10-yr 5.13% 30-yr 30-yr 75%

Rates Updated Daily

View all apartment loan rates
View interest rate assumptions
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Mobile Home Park Loans available. Add 20 bps to the rate.

HUD FHA 223(f) and HUD FHA 221(d)(4) apartment financing rates don't include MIP

 
 

Quick and Easy Custom Quotes

Quick and Easy Custom Quotes

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Home  >  Apartment Loan Center  >  Large Balance Program

 
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CommercialBanc Large Balance Apartment Loans

CommercialBanc's Large Balance Apartment Loan Program provides borrowers with apartment financing needs in excess of $5 million highly competitive, flexible, and financing solutions for multifamily properties including, seniors housing, student housing, affordable housing, and manufactured community housing properties.

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With funding sources including its own portfolio, insurance companies, REITs, conduits, and direct correspondents of both the Fannie Mae DUS™ Lender program and Freddie MAC, CommercialBanc provides the nation's most competitive and aggressive apartment financing for apartment loans above $5 million.

Agency-Series Large Balance Apartment Loan Program

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CommercialBanc's Agency-Series™ Apartment Loan Program provides highly customizable products that can be structured around an individual's borrowing needs and property constraints to accomplish the desired investment objectives.

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  • Customizable Fixed Rate Terms  -- 5, 7, 10, 15, 18, 20, 25, & 30 Yr. Terms
  • Defeasance, Yield Maintenance, and Decreasing Term Prepayment Options
  • High Leverage to 80% LTV With 5% Mezzanine Financing for 85% CLTV
  • Single or Multi-Asset Properties
  • Cash, MBS, or DMBS Execution
  • 365 Day Extended Rate Locks
  • Balloon or Non-Balloon Terms
  • Non-Recourse Above $1.5 Million
  • Tiered Risk-Based Pricing
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    Agency-Series Multifamily Loan Program Options

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    Fixed+1™:  Provides borrowers with the flexibility of having no prepayment penalty by combining a fixed-rate period of 5-15 years followed by a 1 year adjustable rate period where the apartment loan can be prepaid without incurring a prepayment premium.
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    Extended Rate Lock:  Allows borrowers to lock a fixed-rate up to 365 days prior to closing to hedge against adverse interest rate risk in a volatile or rising interest rate market.
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    Fannie Mae DUS Plus:  Standard Fannie Mae DUS multifamily loan program combined with mezzanine financing to provide borrowers with additional leverage, maximum 85% CLTV.
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    Supplemental Loans:  Allows borrowers to obtain additional proceeds on properties where initial multifamily loan has been in place a minimum of 12 months.
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    MultiRateMortgage:  Highly customized product combines the savings of short-term interest rates with the certainty of fixed long-term interest rates.

    DMBS Large Balance Apartment Loan Program

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    The DMBS program uses short-term discount securities to fund the mortgage for the acquisition or refinance of multifamily, seniors, and student housing properties.
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    For multifamily loans above $25 million, DMBS provides borrowers with substantially lower interest rates through variable-rate pricing with the ability to convert to a fixed-rate at any DMBS maturity date.
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    DMBS are non-interest bearing securities sold at a discount and repaid at par with a 3 month maturity, at which point the DMBS may be rolled over into a new DMBS or converted to a fixed-rate multifamily loan.
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  • Low-Cost Variable Rate Apartment Financing
  • Ability to Convert to a Fixed Rate Apartment Loan at DMBS Maturity
  • No Yield Maintenance Prepayment - Fee Maintenance or 1% Prepayment Fee
  • Single or Multi-Asset Properties
  • 5, 7, or 10 Year Terms
  • Interest Only Payment Option
  • Multi-Asset Minimum $50 Million
  • Up to 30 Year Amortizations
  • Supplemental Loan Eligibility
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    Apartments loan availability -- including LTV, DSCR, and loan size -- may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk.
     
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