Apartment Finance – How About Some Good News?
February 17th, 2009
Apartment finance is weathering the current credit crisis nicely compared to other sectors of the commercial mortgage business. For example, owner occupied conventional mortgages are experiencing significant restrictions and loan requests above 60% loan to value, that do not fit the SBA guidelines have few, if any options. In contrast, 80% financing on purchases and 75% loan to value on refinances, is still an option.