ALB Commercial Capital: Your Premium Source for Best Apartment Loans in San Bernardino

2. Affordable Housing Apartment Loans in San Bernardino | Apply Fast Since various apartment loans have entered the affordable housing loan programs nationally, ALB Commercial Capital takes pride in offering flexible terms, best rate, lower interest and quick closing apartment loan in San Bernardino. Our affordable yet demanding apartment loan programs have been created to preserve existing affordable housing apartment complexes and to encourage new developments.

3. What Affordable Housing Apartment Loans Are Available to Apply at ALB Commercial Capital? • Fannie Mae Apartment Loan Financing: • ALB Commercial Capital offers Fannie Mae apartment loans for acquisition or refinance of affordable housing multifamily properties that are subject to low income rent restrictions or receive low income housing tax credits. • Features: • Minimum loan value: $1,000,000 • Up to 90% loan to value • 10 to 30 years term • Up to 30 years amortization • Interest rate fixed for 10 to 30 years, tied to corresponding US treasury yields or adjustable rate priced off the 1 or 3 month LIBOR rate • Minimum occupancy requirement: 85% for 90 days and 70% economic occupancy

4. Lowest Fixed Rate FHA Apartment Loans • To qualify for affordable FHA apartment loan financing, the multifamily project has to have 25% of the units at 60% of area medium income or 20% of the units at 50% of area medium income. This program is for new construction, substantial rehabilitation, or purchase/refinance of existing apartment complexes. • Features: • Minimum loan: $5,000,000 for new construction & $3,000,000 for purchase or refinance of existing multifamily properties • LTC and LTV: up to 87% of cost for new construction with no LTV calculated, or up to 87% LTV for the purchase or refinance of existing multifamily properties. Existing properties must be at least 3 years old. • Term: 40 years for new construction, 35 years for existing multifamily • Interest rate: low rate tied to the 10 year US treasury yield fixed for 40 years for new construction and 35 years for existing multifamily.

5. Freddie Mac Apartment Loans Financing • This apartment loan program is ideal for the acquisition or refinance of affordable multifamily properties. Eligible properties must have 20% or more units rented at or below 50% of AMI (Area Median Income) or 40% or more units rented at or below 60% of AMI. Other affordability configurations will be considered during face-to-face meet. • Features: • Minimum Loan: $3,000,000 • Loan to Value: 90% of market value with HUD risk sharing LTV or 80% LTV without HUD risk sharing • Term: 7 to 30 years • Up to 30 years amortization • Interest rate tied to corresponding US treasury yields ALB Commercial Capital has one of the best interest rates for apartment loans in San Bernardino. There are several apartment loan options without a credit profile. If you have some time before applying for apartment loans, talk to the experienced loan advisors about your opportunity to get best rate apartment loans in San Bernardino. Get in touch if you still have doubts to clear before applying for lower interest rate apartment loans in San Bernardino.

6. CONTACT US Address : 2476 LakeAve.Altadena,CA91001USA Phone :(800) 510-2214 Email Id : info@albcommercialcapital.com Website : http://albcommercialcapital.com