Apartment lenders facilitate funds for investors to purchase commercial properties. Highly qualified investors may be able to secure the most attractive terms in the marketplace. Direct Apartment Lenders offers a variety of support for investors who want to buy income-producing properties.

Working With a Direct Lending Source

Experienced real estate investors may recall an encounter with a loan broker who promised to get an apartment loan approved and funded by the closing date.

While the intention to successfully place a mortgage loan with the ideal lending source may have appeared genuine, in many cases, it is difficult for a loan broker to guarantee that an apartment loan will be approved.

The reasons below will reveal why working with Direct Apartment Lenders improves an investor’s opportunity for receiving an accurate loan decision. 

In-House Underwriting Support

When a mortgage loan is submitted for approval, an in-house underwriting team will make important decisions that comply with a lender’s guidelines. However, external interpretations may not be in line with a lender’s underwriting requirements.

With in-house support, the underwriting conditions are cleared by a direct representative for the lender.  

Competitive Apartment Loan Rates

Mortgage interest rates will vary among apartment lenders. Although, when an investor is working directly with the lender versus a broker, she might be able to obtain preferred mortgage interest rates for an apartment loan.

Reasonable Lending Fees

While some investors might be required to pay thousands of dollars upfront to apply for an apartment loan, Direct Apartment Lenders will collect reasonable loan origination fees at the closing table. 

Apartment Loan With No Tax Returns Required

Banks and many apartment lenders will ask for an investor to provide personal tax returns for the past two years. If an investor owns a business, the company’s tax returns are generally requested, too.

We offer mortgage loans for commercial properties that do not require tax returns from the company or from the borrower, as the performance of the subject property will determine the viability of the deal. 

Experienced Apartment Lenders

The management team for Direct Apartment Lenders has more than three decades of mortgage industry experience. A lender with a solid amount of experience can answer questions that an investor has with confidence. 

Whereas, the support that an investor receives from an apartment broker with a limited amount of experience might lead to a delay that causes a deal to collapse.  

Additionally, experienced apartment lenders can provide helpful tips and financing solutions for certain challenges that an investor might be facing. 

Fast Lending Decision

Again, a quick decision may be made when dealing directly with a lender. 

While, investors who work with loan brokers may have to wait for a broker to receive an email or a phone call to inquire about the lending decision.

Mortgage professionals who are in direct contact with a lender’s underwriting team can provide fast lending decisions for investors and for real estate agents.

Nationwide Apartment Lending Services 

Investors can benefit from working with nationwide apartment lending services. 

A relationship with a direct lender that funds loans throughout the United States is ideal for investors who own properties in multiple states or who plan to buy apartments in several states.

Regional banks often provide services for customers within a local corridor and some mortgage lenders operate in a limited number of states. 

Working with Direct Apartment Lenders will enable an investor to make offers on apartment buildings anywhere within the USA.

Non-Bank Apartment Building Loans

Banks frequently offer extremely conservative financing programs for residential mortgage loans and for commercial building loans.  

With an inability to obtain the desired lending terms from local banks, many investors become frustrated with the loan process.

Niche-based lenders offer alternative funding solutions for non-bank apartment building loans.

Our programs often feature higher loan-to-value ratios and more flexibility than traditional apartment financing provides.  

Stated Income Loans

Self-employed individuals will frequently have more revenue than the amount that is ultimately considered as taxable income.

Due to the benefits of various business write-offs, self-employed individuals might not qualify for an apartment loan after taking a significant amount of tax deductions.

Our stated income loans for self-employed business owners is an ideal program for borrowers who need money to buy an apartment building.    

Preferably, a borrower will have a 600-credit score or higher when applying to finance an apartment complex with a stated income loan.

Recent Bankruptcy Okay

While a recent bankruptcy would be a deal breaker for many commercial property lenders, we will examine the overall merits of the subject property instead of solely focusing on the investor.

Small Balance Apartment Loans

Funding is available for apartment loans that start at $100,000. One-to-four unit properties and commercial apartment buildings with 5 to 100 units are eligible for financing.

Direct Apartment Lenders offers competitive rates on small balance apartment loans.

Contact us today to speak with one of our apartment lending professionals.