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Pricing

Current Apartment Loan Rates in Minnesota, Faith Financial Group, Inc. offers

The Multifamily Apartment loan rates in Minnesota will Float after the original lock/loan period with the balance of 20 to 30 year amor. at 2.5 pts.( this can change) over the corresponding fixed period libor, treasury, or prime index, then relock for a new designated fixed period. The future index, along with adding the spread that the original terms of the loan had included, will be your new rate. With our industry doing many adjustments it is best to call us at 952-432-8455 for today’s rates.

Fix./Per. Rate Prepayment %/ Yield Maintenance

	Rate	Points	1st YR	2nd YR	3rd YR	4th YR	5th YR	6th YR	7th YR	8th YR
3YR	4.60	1	YM	YM	YM	0	0	0	0	0
5YR	4.12	1	YM	YM	YM	YM	.5YM	0	0	0
7YR	4.46	1	YM	YM	YM	YM	YM	YM	.5YM	0
10YR	475	1	YM	YM	YM	YM	YM	YM	YM	YM
30 YR FIXED / 30 YR AMORTIZATION
30YR	6.17	1	YM	YM	YM	YM	YM	YM	7M	YM

Loan rates for Apartments in Minnesota are based on rates quoted 11:02 AM 9-03-10 (may change without notice) Be careful of the Arm teaser which is used today by some apartment lenders. Many believe getting a loan today is not possible, well everthying is possible at Faith Financial.

( Call for quoted rates for loans above 3.0M). Subtract 10 bps for loans over 3m.    Add 10 bps for loans not in Minnesota, Baltimore, Boston, Chicago, Los Angeles, New York, Sacamento, San Diego, San Francisco, San Jose, Settle, and Washington DC ( Large MSAs. Loans in rural areas add at least 50 bps. call for quote.

LTVS Up to 80% on Purchases & No Cash-Out Refinances, LTVS up to 70%-75% for Cash-Out Refinances.
Mezz Option: Max. LTVS 10% Mezz/ 85% combined on loan size of $2,000,000 or bigger. Minimum DSR on 1st 1.25 and the combined DSR minimum is 1.20

Down Payment of 15% with the owner carrying back a 2nd of 10% not on the property ,     Combined LTVS of 90% ( Not on all Deals).
Refi's Cash Out70% to 75%, Based on last two years of historical rents and comps. Apartment loans are assumable, Conduit loans locked at time of approval. Fixed for ten years. call for quote!
The rates are based on a 1.25 debt servicing ratio and 80% LTVS.
          If the DSR is better than 1.25 we can lower your rate 10 to 30 bases points, deal by deal.
          If the LTVS is < then 75% we can lower your rate and margin to above rates, Deal by Deal

Contact Us Today For Your Next Apartment Loan Or Any Commercial Loan At 952-432-8455!