Apartment Rates

Fixed Rate Apartment Loans from $500,000 to $10,000,000 (as of 04-12-10)
Type of Financing   Agency Financing Agency Financing Portfolio Bank Portfolio Bank Private Money
 Loan Amounts $1M - $3M $3M and up $500k - $5M $500 - $10M $500k - $10M
 Loan to Value 80% (Major Metro) 80% (Major Metro) 80% 75% (Purchase) 60% (Purchase)
 Loan to Value 65% (Sub-Market) 70% (Sub-Market) 80% 75% (Refinance) 60% (Refinance)
 Recourse Non-Recourse Non-Recourse Recourse Recourse Recourse
 Property Types A, B, C A, B A, B, C A, B, C A, B, C
 Documentation No Tax Returns Full Documentation Full Documentation No Tax Returns Full Documentation
 Typical Application Deposit $4,500 $15K $2,500 - $3,500 $2,000 Minimum $1,500
 *3 Year Fixed Rate N/A N/A 5.875% 5.50% - 5.60%
 *5 Year Fixed Rate 5.30% 5.40% 5.75% - 6.00% 5.77% - 5.87%  
 *7 Year Fixed Rate 5.81% 5.60% N/A 6.46% - 6.76%  
 *10 Year Fixed Rate 6.10% 5.70% 6.75% 6.25% - 6.76%  
Fixed rates subject to change with market conditions. Rates typically change daily for Agency Financing, monthly for Portfolio Banks.

Commercial Rates

Fixed Rate Commercial Loans from $500,000 to $10,000,000 (as of 04-12-10)
Type of Financing   Retail/NNN Owner-Occ/SBA Portfolio Bank Insurance Companies Private Money
 Loan Amounts $500K - $7M $500K - $4M $3M & Up $5M - $50M $500k - $10M
 Loan to Value 70% (Purchase) 65% (Purchase) 70% (Purchase) 65% (Purchase) 60% (Purchase)
 Loan to Value 50% (Cashout) 65% (Refinance) 70% (Cashout) 65% (Refinance) 60% (Refinance)
 Recourse Recourse Recourse Non-Recourse Non-Recourse Recourse
 Property Types Retail Multi-Use Properties Anchored Retail, Office, Industrial, Self Storage Anchored Retail, Multifamily, Office, Industrial, A, B, C
 Documentation Full Documentation Full Documentation Full Documentation No Tax Returns Full Documentation
 Typical Application Deposit $2,500 $4,5000 Standby Deposit $12,500 Good Faith Deposit $1,500
 *3 Year Fixed Rate N/A 5.69% - 6.19% 4.89% - 5.14% 5.25%
 *5 Year Fixed Rate 5.99% - 6.50% 6.60% - 7.10% 6.00% - 6.50% 5.25%  
 *7 Year Fixed Rate 6.38% - 6.80% N/A 6.60% - 7.10% 5.50% - 5.75%  
 *10 Year Fixed Rate 6.85% - 7.24% N/A 7.12% - 7.60% 6.00% - 6.15%  
Fixed rates subject to change with market conditions. Rates typically change daily for Agency Financing, monthly for Portfolio Banks.