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Rental Apartments and Cooperatives for Families - Elderly - Singles

New Construction, Substantial Rehabilitation

Features
  • Term up to 40 years, fully amortizing.
  • Low, fixed interest rate for both construction and permanent loans.

  • Permanent rate is set prior to closing.
  • High loan-to-value ratio: maximum 90%.
  • Fully assumable, with permission.
  • No personal liability.
  • Commercial space eligible for inclusion in loan.
Funding
  • Provided by Quickmortgageloan.com at lowest available rates and terms.
  • No hidden fees or costs.
  • "Par Loans" and "Buy Downs" available.
Eligibility
  • Rental housing, cooperative housing, congregate care facilities, and senior citizen housing are eligible for funding.
Requirements
  • Real estate must be held in fee simple or long term ground lease.
  • Escrows for property insurance, special assessments (if any), real estate taxes, reserves for replacement and mortgage insurance premiums.
 

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