First Financial  
 

Multifamily Financing and Apartment Loans

Multifamily Financing and Apartment Loans

Build Your Real Estate Portfolio Wisely

Since 1996, First Financial has helped families become property owners, and then property owners become landlords, investors and tycoons. Our conventional, conduit / CMBS multifamily financing or apartment loans has the most competitive rates and best terms in the industry. Functioning completely online, the money First Financial saves on operational and marketing costs allows us to approve more applicants than traditional banks can—while providing every inch of the same security. The U.S. Treasury Department mandates it!

Apply here today to get your rate without affecting your credit. Our representative will call the same day to discuss whether conduit / CMBS, conventional or another type of loan will get you the property you need to round out your portfolio.

Request More Information

It all starts with your information request. Since every situation is unique, we make sure to directly focus on and understand our customer’s individual needs. After submitting your request, within 24 hours we will reach out to you to discuss your commercial loan options. Since 1996, our loans have helped more than 50,000 customers stay current with what they want from a commercial lender.

After you read through this page, keep in mind we also arrange:

Conventional Multifamily Financing

Conventional multifamily loans work especially well for first-time borrowers for smaller apartment building loans. Banks use the property itself as the collateral. Because these loans are not sold into secondary capital markets, we can offer far more flexible terms. Generally, personal guarantees are necessary, but negotiable. This type of loan has great rates and terms, and is also an excellent option if you simply want to refinance an existing apartment building.

Best For:

  • those purchasing multifamily homes as investment properties
  • real estate investors looking to refinance the loans on their existing 2 – 4 unit properties
  • borrowers who own 10 or fewer properties
  • borrowers not considering using the funds for remodeling

Conduit / CMBS Multifamily Loans 

“Conduit” or commercial mortgage-backed securities (CMBS) loans are securitized loans that are grouped together to be sold on the secondary market. These types of loans are secured by mortgages on commercial properties, rather than residential real estate, allowing for easy access to capital.

Conduit loans are have become a major source of capital for commercial real estate lenders. The fixed length of ten years makes them highly desirable. They are also non-recourse, meaning that in case of default an investor will lose only what they put up as collateral. In other words, the lender will not be able to seek additional compensation. They have steadily become more popular over the years and have become a primary source of long term permanent first mortgages.

Conduit / CMBS Multifamily Loans Are Best For:

  • experienced real estate investors who have high credit scores and aren’t “over-leveraged.”
  • borrowers who find their properties don’t meet either conventional or government-backed criteria
  • borrowers intending to use the funds to remodel the property
  • bridge loans

Turn Cash Flow Positive Fast!

With A+ rated First Financial on board to help you secure a conventional or conduit / CMBS apartment loan, your new property will get your revenues ahead of costs. Some of the perks of securing your apartment loan through First Financial include:

  • Amortizations from 30 years
  • High Loan-to-Values Percentages
  • Fixed Rates from less than 4%
  • Quick closings (45 days)
  • 24/7 Loan Officer Customer Service Assistance
  • Competitive Fees
  • Banking-level Security
  • Simple application process

If your loan needs fall outside of the parameters of conventional and conduit loans, consider:

  • Interim, Bridge and Construction Multifamily Loans LINK
  • Government-backed Multifamily loans – Freddie Mac, Fannie Mae, FHA and USDA LINK
  • KB: I have these links above so while I want to have them twice, I’m not sure Google will like that. 2 links to the same page used to be a development no-no. Can you ask your developer?

A Trusted Multifamily Lender for the 21st Century Real Estate Investor  

If a traditional bank has turned down your multifamily financing request, recognize that their requirements may be limited or even outdated. With high labor, marketing and operational costs, traditional can often only lend to a narrow sliver of applicants.

As an alternative, fully-online lending service, First Financial enjoys the operational and marketing efficiencies that keep overhead low. The money we save allows us approve more applications and lend to them at competitive rates. Further, our “soft pull” means you risk nothing to determine your eligibility and rates. Apply today!


First Financial

First Financial ® Corporate Headquarters 2850 Womble Road Suite 100-604 San Diego, CA 92106

Client Service Center: Main: 1-800-315-7791 Fax: 1-800-215-0217 (Monday–Friday 5:00am–6:00pm Pacific or 8:00am–9:00pm Eastern)

Merchant Services / High Risk Merchant Accounts: 1-800-950-0212 Fax: 1-800-215-0217

 

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