Long Term Fixed
Long Term Apartment Loan Program Overview CALL Loan
For qualified borrowers and properties, Bank of Internet’s small balance long term fixed program
offers the lowest fixed interest rates with customized terms to deliver highly target apartment
financing solutions. There are slightly higher transactions costs and longer closing periods
than our Streamline Program.
Program Highlights
- Apartment Loans from $500,000 - $3,000,000 and Selected markets to $5,000,000
- 25 or 30 Year Amortization Option
- Non-Recourse for Lower LTVs
- No Prepay Last 90 Days of Loan Term
- Up to 80% LTV Purchases considered
- 7 and 10 Year Fixed Rate Terms
- 1.25 DSCR in Low CAP Areas
