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Fixed

Fixed Apartment Loan Program Overview NO CALL Loan

Apartment Bank a division of BofI Federal Bank's Small Balance Apartment Loan Program simplifies the process of obtaining apartment financing for apartment loans under $5 million. Through a streamlined loan process, borrowers save time and money with reduced document requirements and streamlined third party reports. This loan process allows for quick closings, often under 45 days from receipt of application package.


Program Highlights

  • Apartment Loans from $250,000 - $10,000,000
  • 25 to 30 Year Amortizations
  • 3, 5, Year Fixed Rate Terms
  • No Defeasance or Yield Maintenance
  • No Commitment Fees
  • No Replacement Reserves
  • No Balloon or Call Provisions
  • Step Down Prepayment
  • Minimum DSCR of 1.25:1
  • Assumable at Lender Discretion
  • A, B primary and C Property Types Considered on a case by case basis
  • Mixed-Use Commercial/Residential Acceptable to 20% Commercial Use
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Bank products and services are offered by BofI Federal Bank. Deposit accounts held at Apartment Bank are FDIC insured through BofI Federal Bank. All deposit accounts held at BofI Federal Bank are combined and insured under the same FDIC Certificate 35546. Deposit accounts held at Apartment Bank are not separately insured by the FDIC from other deposit accounts held at BofI Federal Bank. For more information click here.