Understand What You Require to Quality for the Best Financing Terms on Apartment Loans in San Diego

Apartment Loans San Diego

The days of walking into your local bank to get a multifamily or best rate apartment loans in San Diego are over. Not because your bank can’t finance you, but because there are simply too many options. Today, renowned agencies are offering small and large scale apartment loans in San Diego at reasonable rates, and great ROI for the qualified borrowers. You are a new borrower or are looking to refinance an existing apartment building, it’s important to find best rate apartment loan program in San Diego with flexible term available.

What to Ask before Opting For Best Rate Apartment Loans in San Diego?

When inquiring about the best rate apartment loans, people often asks for 100% financing, which is not available with any lender till date. However,  a maximum of 80% LTC can be leveraged for finding the best rate apartment loans in San Diego for you. Get up to $1million of sanctioned loan amount if you qualify for apartment loans in San Diego! 

Required Standard Documents for Most Accurate Apartment Loan Quote in San Diego

Property Information

•          Last three years P&L
•          Trailing 12 month, month-by-month P&L
•          Current rent roll
•          Stabilized budget/ Pro Forma
•          Summer of capital expenditure to date
•          Property photos, address, description, age etc

Borrower Information

• ·         Name of the entity
•          Personal finance statement for each guarantor
•         Bio of each guarantor
•          Info of the property management company 

If you are refinancing, you may need some additional information including when you bought the property, how much you bought it for, how much you put down, your current loan terms, and the current occupancy. 

Although the option to get best rate apartment loans in San Diego originates from the typical bank deals, they offer better long-term financing, interest risk protection and of course leverage. 

Are you ready to obtain the best rate apartment loans in San Diego? Get in touch with ALB Commercial Capital to pre-qualify for your flexible and best rate apartment loan today!