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Conduit Apartment Loans

Low rate CMBS loans for apartment buildings

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Capital Markets Loans
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Why Choose Crefcoa
Why Choose
Crefcoa's Capital Markets Conduit Lending Group has the experience and capital markets relationships necessary to properly structure your commercial real estate loan to ensure successful execution at the lowest fixed rates and costs in the market.
  • Certainty of execution
  • Knowledgeable and experienced
  • Low fixed rate terms
  • Non-recourse
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Provide some basic information about the property and apartment financing you’re seeking and we will provide a no cost no obligation quote.
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Crefcoa Conduit Apartment Loan Program Overview

Crefcoa offers low fixed rate permanent financing for apartment, multifamily and manufactured housing communities located in average to above-average locations nationwide.
 

With fixed interest rates starting at industry low spreads above the comparable "on the run" Treasury rates, leverage to 80%, and low closing costs, Crefcoa's conduit apartment loan program is among the most competitive multifamily financing programs in the nation. Higher quality manufactured housing community properties are eligible for conduit financing under our CMBS Multifamily platform.

 

Visit the Apartment Loan Center to learn more about all of our apartment loan programs.

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Conduit Apartment Loan Program Guidelines

Eligible Properties Conduit loans for apartment buildings and multifamily housing properties with 5 plus units.
Loan Size $2 million minimum with no maximum.
Pricing
  • Tiered pricing based on LTV and DSCR.
  • Industry low spreads above the respective SWAP.
  • Rate buy downs are available.
Locations Nationwide.
Programs
  • 5, 7, and 10 year fixed rate terms (balloon at end of fixed term).
  • 25 and 30 year amortizations.
Prepayment Defeasance or yield maintenance.
Personal Guarantee Non-recourse subject to standard carveouts. Loans are assumable.
Minimum DSCR 1.20 - 1.35.
Fees $15,500 - $30,500, due upon acceptance of LOI
Loan-To-Value 75% - 80% LTV for purchases, rate and term refinance, and cash out refinances depending on property quality.
Rate Lock At commitment.
Occupancy Requirements No less than 90% for 90 days preceding closing.
Title Requirements Title to be ordered by lender at borrower's cost.
Appraisal Requirements Appraisal to be ordered by lender at borrower's cost, no exceptions.
Impounds Taxes, insurance, tenant improvements, replacement reserves, 125% of cost for needed repairs.
Preliminary Submission Package for a Conduit Apartment Loan Include the following in your request for a conduit apartment loan quote:
  • Property description and location map.
  • Representative color photographs.
  • Current rent roll and year-to-date operating statement.
  • Operating history - prior 2 years, if available.
  • Current year operating budget.
  • Existing debt and cost basis.
  • Sponsor resume.
  Conduit apartment loan program underwriting guidelines are provided for informational purposes only and do not constitute, or should not be interpreted, to be an offer to make a loan, a loan approval, or any other language that implies that by meeting these basic requirements Crefcoa will provide borrower with a loan under these terms.
  Quick Quote Apply Now
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Conduit Loans for Apartments - Commercial Real Estate Loan Program
Conduit apartment financing is provided on commercial real estate property types located in the Continental United States. Rates, terms and general program guidelines are subject to change. For more information on Crefcoa's CMBS apartment loan program, please contact a loan specialist today. Learn more about Crefcoa's commercial mortgage loan programs.

 

Conduit Apartment Loan Programs Available Nationwide
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington DC
  • West Virginia
  • Wisconsin
  • Wyoming
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