ApartmentLenders.com a division of Meridian Mortgage, Inc.
ApartmentLenders.com

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Meridian Mortgage Inc. has been in business since 1995. We lend money for the purchase and refinance of apartment buildings across the United States.

We specialize in apartment and mobile home park financing. As apartment owners ourselves, we understand the needs of our clients.

       Current rates as of: 1/25/2012
RateDescription
3.80% 5 Year Balloon, 30 year amortization, Minimum loan size $1 million. Max LTV 80%, except in Ohio, Michigan, Indiana, Arizona, Florida - Max LTV in those states is 65%
4.21%7 Year Balloon, 30 year amortization, Minimum loan size $1 million.
4.56%10 year Balloon, 30 yr amortization, Minimum loan size $1 million.
NoteThese rates assume 80% LTV, rates are lower for lower LTV loans, call for quote. Maximum LTV is 65% in Ohio, Indiana, Michigan, Arizona, and Florida.
4.15%We now offer financing for Asssited Living, Section 42, LIHTC, and Larger apartment buildings thru our HUD program. Minimum Loan size is $3 million. Cash out to 80% LTV, Rate and term or purchase to 85% LTV. This program offers a 35 year amortization for existing properties, or 40 year amortization on new construction. Rates on new contruction are 6.125%.
4.35% - 5.95%OUR NEW SMALL BALANCE PROGRAM... Loan amounts from $500k to $5 million GREAT FOR PROPERTIES THAT DON'T FIT FANNIE MAE REQUIREMENTS! NO Balloon at end.. converts to adjustable rate after fixed period! 30 year amortization.
4.90%CONDUIT LOAN - 10 YEAR FIXED, 30 YEAR AMORTIZATION. MINIMUM LOAN SIZE $1 MILL. Can do apartments, office, retail, mobile home parks.
3.00%NEW PRODUCT - FLOATING RATE, 7 YEAR TERM, 30 YEAR AMORTIZATION, CAN DO INTEREST ONLY. CAN CONVERT TO A FIXED RATE MONTH 13-60 WITH MINIMAL RE UNDERWRITING. MIN LOAN SIZE $1 MILL.
Rates are subject to change without notice.

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