Board Topic: Amortization Schedule for Multifamily Loans
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Amortization Schedule for Multifamily Loans

Posted by: 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

Posted by: loanuniverse Dec 19 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.


Posted by: Commercial Lender Dec 19 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.

Posted by: Jesse Grindstaff Dec 28 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.

Posted by: Multi Family Dec 28 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
email

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