Multi-Family/Apartment Buildings
Whether the loan you are seeking is for aquisition or refinancing, wherever your real estate is located in the United States, Caffrey & Company can determine the best lender and loan to meet your needs. We will tailor loan terms to meet your specific needs and preferences, with the lowest possible closing costs. For multi-family financing, we have loan amounts beginning at $500,000. We work with a variety of lenders capable of delivering the types of long-term, fixed-rate mortgages that are not available from local banks.Recent Apartments Transactions
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Bel Aire Apartment Complex - loan
Overland Park, Kansas
$920,000
Heatherwood Apartments
Overland Park, Kansas
$2,560,000
Apartment Complex
$1,600,000
Apartment Complex
$970,000
Multi-Family Housing
$10,700,000
Westwood Apartments
Albany, Georgia
$5,700,000
Willowwind Apartments
Kansas City, Missouri
$3,360,000
Current Rates (02/03/2012)
- Apartments 4.19%
- Mobile Home Park 4.44%
- Anchored Retail 4.29%
- Non-Anchored Center 4.54%
- Single Tenant Retail 4.34%
- Office 4.54%
- Industrial / Flex 4.44%
- Self-Storage 4.74%
- Medical Office 4.44%
- Hotel 4.94%
- Owner Occupied 4.14%
- Land 10.94%
- Other 5.69%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.
Current News
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent.
Less Strength Than Meets The Eye
Real GDP grew at a 2.8 percent annualized rate during the fourth quarter, but the underlying data show the economy has less momentum going into 2012.