Apartment Loans in Providence:
Caffrey & Company LLC has been placing helping real estate investor’s nationwide since April of 2000. We offer a large aray of loan products for commercial properties including for Apartment loans in the Providence Rhoade Island area. For a free loan quote contact Caffrey & Company LLC. The most attractive, non-recourse loans terms start at $1,000,000. Therefore, if you are looking for low interest rates, a non-recourse loan up to 80% of value (Over $7 million leverage up to 85% is available) you are at the right place. These specialized apartment loan products are available in Providence suburbs including Warwick.
Market Data for Providence:
The average rent for an apartment in Providence is $2,073, a 6% increase compared to the previous year.
The average size for a Providence, RI apartment is 813 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Free Loan Quote for Commercial Real Estate Loans in Providence:
We encourage our clients to submit key property level data for a free loan underwriting review. This initial loan underwriting normally takes less than one business day for us to respond with several apartment loan options for you to consider. Here is a short list of property level data that would aid in providing a loan quote: Send a rent roll, historic P&Ls, your net worth, liquid assets and your investment real estate resume and we can provide some loan quotes.
How long will it take to close the Loan?
The closing process normally takes between 45 and 55 days to close a Multifamily loan in Providence. Closing costs vary between loan products. Before you reach for your checkbook we will provide a detailed estimate of the anticipated closing costs. At this stage you will know the loan product, the loan terms, and the anticipated closing costs to allow you to make an informed decision before moving forward.
In conclusion you find details on several loan products by following these links: Freddie Mac, Fannie Mae, HUD/FHA, Commercial Mortgage Back Securities (CMBS) and other loan products. Want more details and sample interest rates for apartment check out Interest Rates for Apartment Loans also on our web site: Multifamily Loan Interest Rates.
Keep Caffrey & Company in mind when searching for a Rhode Island lender for apartment loans.
Have a question please call: Mike Caffrey (913) 402-7077 or email: Mike@CaffreyLoans.com
On our web site you can read about specific loan products: www.caffreyloans.com/loan-products, offered by Freddie Mac, Fannie Mae, HUD/FHA, Commercial Mortgage Back Securities (CMBS) and other loan products. Want more details on sample interest rates for apartment check out Interest Rates for Apartment Loans also on our web site: www.caffreyloans.com/apartment-loans.