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Success Stories

At , our foremost priority is to help you reach your financial goals. Our personalized approach to income property lending allows us to view you as an individual and customize a lending solution that meets your unique needs.

We invite you to read how we were able to create innovative loans for other borrowers like you so that they could secure the financing they needed to purchase , , and properties.

Multifamily and Apartment Lending

Challenge

After 15 years of operating a multifamily property, a guarantor came to us inquiring about refinancing a hard-money loan. The subject property had favorable equity supported by good property cash flow and was located in a strong rental market. However, even with these positive factors, other traditional lenders declined this loan due to the borrower having recent personal financial difficulties and other credit issues.

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Apartment Bank Lending Solution

At Apartment Bank, our personalized lending approach allowed us to look beyond the challenges of the guarantor and focus on the mitigating circumstances. With a desirable rental market, a strong DSCR and low LTV, we felt comfortable approving the refinance of this property, thus eliminating the high rate hard money loan. The guarantor was able to secure a loan that significantly lowered the monthly payments and improved the multifamily property’s overall net cash flow.

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Mixed Use Lending

Challenge

A guarantor came to us requesting a cash-out refinance loan for a 46-unit mixed-use building on a small downtown street near a major university. The owner struggled to secure traditional financing mainly due to lease rollover risk, marginal overall annual income, and sub-optimum mix of residential units based on a high percentage of studios.

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Apartment Bank Lending Solution

At Apartment Bank, we were able to structure a loan for the guarantor that provided extensive liquid assets post-close which significantly improved cash reserves and allowed for subject property improvements while maintaining a strong equity position in the property. Upon understanding this customer’s specific needs, we approved the loan based on the borrower’s strong debt-service coverage ratio, good property cash flow and a relatively low LTV.

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Small Balance Commercial Lending

Challenge

A guarantor came to us needing a cash-out refinance on an owner-occupied office building in order to fund the purchase of an additional owner-occupied commercial property. Due to the conventional risk of lending on owner-occupied properties and the past financial difficulties of the borrower’s businesses, traditional lenders disqualified him from obtaining financing.

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Apartment Bank Lending Solution

At Apartment Bank, we took a common-sense underwriting approach to the loan analysis for this application. The property in question is located in one of the strongest retail and office markets in the country. The strength of the market and financial stability of the building far outweighed the borrower’s previous financial issues. With a strong global cash flow from outside real estate investments, we were able to approve the refinance loan for this property.

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LET'S START THE CONVERSATION

We want to learn more about your lending needs. Call us directly at 800-656-5626 or fill out our form and one of our loan specialists will reach out to you.

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