National Apartment Loan Rates - Winston Rowe & Associates

Jan. 10, 2015 - PRLog -- Apartment Mortgage and Multifamily Loans

Winston Rowe & Associates is a no upfront fee commercial real estate capital source offering a wide variety of financing options for multifamily financing nationwide.

They have access to various financial institutions’ wholesale programs; offering clients the most competitive interest rates with no up-front fees and reduced financing costs.

Apartment owners with a minimum of 5 units will find a wide array of financing options to meet their individual financing needs including assorted fix rate hybrid loans and prepayment options.

Purchase refinance and cash out refinance are also available.

Eligible Properties:

Stabilized properties with at least 5 units in major MSA’s and proven management.

Up to 40% commercial component permitted; student and senior housing eligible for financing.

Loan Amounts:

$250,000 - $10,000,000

Term & Amortization:

Adjustable, 3, 5, 7, and 10 year hybrid loans amortized out for 30 years.

Prepayment Penalty:

Typically step-down prepayment penalties during the fixed rate portion of the loan.

Loan to Value Ratio:

Maximum LTV 75% depending on the quality and program.

Debt Coverage Ratio:

Minimum 1.25:1 DCR

Credit Score:

Minimum middle credit score 680

The goal at Winston Rowe & Associates is to add value to client’s acquisition or refinance by offering a wide range of financing solutions and direct access to top national, regional, and local retail banks, hedge funds and private capital lenders.

They can be contacted at 248-246-2243 or check them out online at http://www.winstonrowe.com

Winston Rowe & Associates provides Apartment Building financing in the ensuing states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming