Local banks, S&Ls and Credit Unions lining up for small apartment building investment loans.

 

local lenders are making loans on small apartment building investmentsLocal and regional banks are working hard to fund ‘small’ apartment building investments in their local markets. Small loans in the $1-3 million dollar range are the ‘sweet spot’ for these lenders and investors looking for loans in the $3-5 million range are finding even more choices. For loans under $1 million the market is still pretty fragmented with lenders there averaging only five loans of that size.

“Banks are trying to create more aggressive lending programs in the small-balance multifamily financing space.”

In the West, banks like Sterling, KeyBank and Bank of The West are Continue reading Local banks, S&Ls and Credit Unions lining up for small apartment building investment loans.