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Amortization Schedule for Multifamily Loans - LoanUniverse Community

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Amortization Schedule for Multifamily Loans


4 replies to this topic

#1 Newcomer

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Posted 19 December 2004 - 01:29 PM

Admin,

What kind of amortization term is normal for multifamily loans? I'm talking permanent financing. I know with residential it can be up to 30yrs. Is this true with multifamily?


Sincerely,
- Newcomer

#2 loanuniverse

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Posted 19 December 2004 - 03:17 PM

Newcomer:

Bank lenders usually do up to 25 years amortization. Non-bank lenders are more flexible and can probably go to 30 years.

In our case, we require maturity of 10-years at the most with the 25 year amortization, which means a balloon payment at the end.

#3 Commercial Lender

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Posted 19 December 2004 - 05:12 PM

Yep, for Multifamily, mixeduse, office, retail and warehouse properties we do have 15 year, 20 year and 30 year amortizations avail.

#4 Guest_Jesse Grindstaff_*

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Posted 28 December 2004 - 01:32 PM

QUOTE(Newcomer @ Dec 19 2004, 01:29 PM)
Admin,

What kind of amortization term is normal for multifamily loans? I'm talking permanent financing. I know with residential it can be up to 30yrs. Is this true with multifamily?


Sincerely,
- Newcomer

The bulk of our products all have 30 year amortization.

#5 Multi Family

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Posted 28 December 2004 - 03:28 PM

Newcomer: No that is not true , I have nothing but 30 year amortization on all my multi family products no ballon due at the end of the inital fixed period non recorce fully assumible for more on my programs drop me an e-mail





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