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 a 30 year amor. at 2.5 pts. over the fixed period libor or 10 year treasure, then relock for a designated  fixed period again. With  our industry doing many adjustments it is best to call us at 952-432-8455 for todays rates. 

Fix./Per. Rate                              Prepaymet %/ Yield Maintenance  

Loan rates for Apartments in Minnesota are based on rates quoted 3:04 PM 6-30-08 (may change without notice)

Loans From $250,000 to $10,000,000 (Call for quoted rates for loans above 2.0M)

LTVS Up to 80% on Purchases & No Cash-Out Refinances, LTVS up to 80% 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 1.2 and the combined DSR minimum is 1.08

Down Payment of 10% with the owner carrying back a 2nd of 10% not on the property ,     Combined LTVS of 90% ( Not on all Deals).
Refi's Cash Out 80%, Based on last years historical rents

All Apartment loans are assumable, Conduit loans at 6.10% to 6.23% locked at time of approval. Fixed for ten years. call for quote!

The rates are based on a 1.2 debt servicing ratio and 80% LTVS. 
          If the DSR is better then 1.2 we can lower your rate 10 to 30 bases points, deal by deal.
          If the LTVS is < then 80% we can lower your rate and margin to above rates, Deal by Deal 

  For Multifamily Apartment Loans and Commercial Loans
Call Russ Davies 952-432-8455 for your next Apartment Loan, or any Commercial Loan

Is updated daily, check above for when last corrected.