Apartment and Multi-Family Hard Money Loans
- Loan rates, fees, terms and conditions are dynamic and can change. So it is always best to call us for current quotes.
- Collateral offered and loan to value relationships must be considered.
- Current quotes on interest rates have ranged from 7.50% to 8.75% with interest only payments. The interest rate is fixed for the term of the loan.
- Licensed California Real Estate Loan Brokers will add their charges to those of Saratoga Capital, Inc. as negotiated with your client.
- Appraisal, escrow and other generally incurred fees are paid by the borrower.
Fixed Rate* : 7.50 to 8.75 %
Pre-Payment Penalty: 12 months
* 3-5 year maturity, interest only payments.
- Purpose. Refinance, acquisition, property improvements, cash out. Loan made for business purposes only.
- 70-80% Maximum Loan(s) to value. Our loan including senior debt.
- 1st and 2nd Loans. We’ll lend behind large senior loans.
- Security may include multiple properties.
- Commercial Loan Package Requisites. Appraisal, business loan application, preliminary title, inc.-exp. history.
- We Lend on Equity. Determined by independent fee appraiser combined with our in-house analysis.
Apartment Loan Examples