Friday, April 9, 2010
Catalina Mortgage has conventional financing for small apartments.
Small Balance Apartment Loan Program
Loan Amounts from $250,000 to $5,000,000
Amortization/Term 25 to 30 years
Fixed Rates for 5,10 or even 15 years
Current Rates*
5 years - 6.55% to 6.75%
10 years - 7.70% to 7.90%
15 years - 8.00% to 8.25%
After the Fixed Rate period, the loan adjusts over LIBOR for the balance of the Term.
Loans have a 5% declining Prepayment Penalty for the Fixed Period.
Call us if we can help in financing your apartment project.
Cliff DuBois
cdubois@catalinamortgage.com
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