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New
York Apartment
Financing
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Regional
Multifamily Loan Programs
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New York Apartment
Loans and
Multifamily Loans
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CommercialBanc
provides apartment
financing solutions
for apartment and
multifamily housing
properties located
in New York.
Apartment loans and
multifamily loans
are available
starting at a
minimum loan size of
$100,000. |
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A commercial
mortgage banking
firm and licensed
New York apartment
lender,
CommercialBanc
originates apartment
loans for for its
own portfolio,
Fannie Mae, Freddie
Mac, REITs, and select
institutional
investors. |
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Up to 30 Year
Fixed Rate Terms
No Lender Points
No
Defeasance or Yield Maintenance
Interest Only Payment
Options
Market Rents
Program
Conduit, Agency,
& Portfolio
Programs
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Balloon or No
Balloon Terms
Maximum
LTV 80% / 85% CLTV
Step Down Prepayment
Minimum DSC of 1.20:1
Stated Income
Apartment Loans
40 Year
Amortizations
Available
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CommercialBanc
offers
New York apartment
loans in most
mid and large market
sectors. Some
restrictions may
apply based on area
population,
demographic, and
economic trends. |
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New York
Buffalo
Rochester
Yonkers
Syracuse
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Albany
New Rochelle
Mount Vernon
Schenectady
Utica
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White Plains
Jamestown
Binghamton
Troy
Newburgh
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Corning
Middletown
Glens Falls
Ithaca
Long Island
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Albany
Amsterdam
Brooklyn
Dunkirk
Fort Drum
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Hudson
Kingston
Manhattan
Nassau
Newark
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Niagara
Falls
Newburgh
Ogdensburg
Rome
Seneca Falls
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Staten
Island
Suffolk
County
Watertown
Whit Plains
Fredonia
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Banc-Series
Conduit Multifamily
Loan Program
Guidelines
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following Mezzanine apartment
financing program parameters are
standard but are subject to change
at lender discretion based on
borrower financial condition, property
constraints, and economic
conditions. |
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Loan Sizes
$500,000 - $3,000,000 Selected Markets to
$5,000,000 |
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25 or 30
Year Amortization Option |
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Maximum 80% LTV |
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5 / 7 / 10 Year Fixed
Rate Option |
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Subordinate Loans OK |
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Tiered
pricing based on LTV
and DSCR |
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Recourse required with step
down percentage available |
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2 Year Interest Only
Payment Option |
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1.15
DSCR in Low CAP Areas |
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No prepay penalty during last 90 days of term
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May Use
Additional Sources of Income to Help Qualify in Low CAP
Areas |
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