Santa Clarita, California – Information today for Commercial Loans is on refinancing Apartment Complexes. We have some unbelievable rates on Non-Recourse Loans for Apartment Buildings and Net Lease Properties. Commercial Mortgage Lenders have arranged capital to refinance a 752-unit apartment complex. The Commercial Loan on this Apartment Complex is a non-recourse loan and fully amortizing. This refinancing has commercial loan terms set at a 3.75% fixed interest rate. The Loan-to-value “LTV” was 82%. This commercial loan may be the largest financing yet in the HUD 223(f) program. This 223(f) program insures mortgage loans to facilitate the purchase or refinance of existing multifamily rental housing.
The Colony Townhomes has of two and three bedroom, two-story units. These Apartments contain granite counter tops, washer and dryers, fireplace, and two car direct-access garages, along with community amenities including five pools, a fitness center and five spas. These types of Apartment Buildings make fine collateral for the next Commercial Loan.
The Investment Property securing this commercial loan is the Colony Townhomes. The Colony Townhomes is located at 17621 Pauline Court in Santa Clarita. The Investment Property, Colony Townhomes provides residents with a charming yet intimate community. This Investment Property is situated in a cozy neighborhood that ensures the convenience of city life within a peaceful Canyon Country setting. These apartments are just minutes from great shopping and entertainment, as well as excellent upscale dining. Weekend getaways to Los Angeles and the beach. Net Lease Properties are an exceptional investment in the Los Angeles area. This scenario makes Santa Clarita an ideal, serene location just a short drive to the city and the San Fernando Valley.
A Non-Recourse Loan has many benefits. With a Non Recourse Loan, you are only responsible for the collateral associated with the Loan / Mortgage. If you default on the Loan, you lose only the Investment Property, the collateral. If the value of the asset dropped during the period of the Non-Recourse loan, the difference between the value and the loan does not have to be re-paid. In that case, the lender would be responsible for the debt.
