Commercial Apartment
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 Salsbury Commercial Apartment Mailbox Surface Recessed $109.00 Time Remaining: 21d 4h 17m Buy It Now for only: $109.00 |
 Florence Manufacturing 5 Tenant Mailbox Antique Bronze Commercial Apartment Home $250.00 Time Remaining: 5h 13m Buy It Now for only: $300.00 |
 5 DOOR COMMERCIAL APARTMENT LOCKING WALL MOUNT MAILBOX $160.00 Time Remaining: 18d 1h 14m Buy It Now for only: $160.00 |
 6 Door Apartment Style Mailbox Commercial Mail Box $196.00 Time Remaining: 7d 21h 57m Buy It Now for only: $196.00 |
 6 DOOR COMMERCIAL APARTMENT LOCKING WALL MOUNT MAILBOX $195.99 Time Remaining: 17d 6h 20m Buy It Now for only: $195.99 |
 4 DOOR APARTMENT COMMERCIAL LOCKING WALL MAILBOX UNIT $136.99 Time Remaining: 8d 4h 8m Buy It Now for only: $136.99 |
 7 DOOR COMMERCIAL APARTMENT LOCKING WALL MOUNT MAILBOX $219.99 Time Remaining: 17d 4h 26m Buy It Now for only: $219.99 |
 5 DOOR APARTMENT COMMERCIAL LOCKING WALL MAILBOX UNIT $160.00 Time Remaining: 8d 4h 6m Buy It Now for only: $160.00 |
 3 DOOR APARTMENT COMMERCIAL LOCKING WALL MAILBOX UNIT $104.00 Time Remaining: 8d 4h 12m Buy It Now for only: $104.00 |
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Culligan FM-15A Level 3 Faucet Filter
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DescriptionThe Culligan FM-15diy faucet mount water filtration system will improve your quality of life to the point where you'll want to scream "Hey, Culligan man!" just to thank him for helping to make such healthful, refreshing water available... |
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Sunbeam Hot Shot Hot Water Dispenser
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DescriptionHOT SHOT - Hot Water Dispenser. Heats 16 oz of water fatser than a microwave. Auto Shut off, Cord storage. Great to make a variety of foods such as hot cereal, hot noodles, hot beverages, baby food and more... |
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9" x 13" Quarter Size Sheet Bake Pan
Sale Price: $7.49 |
DescriptionThese quarter size sheet pans are perfect for baking, broiling and roasting. Quarter size allows you to put other dishes in the oven at the same time. Heavy gauge aluminum allows for even heating and baking. |
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Master Lock 265DCCSEN Dual-Function Security Bar
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DescriptionThe Master Lock Dual Function Security Bar provides your home with an added dose of safety by reinforcing doors from outside intruders. Built with Master Lock's world renowned durability, the Security Bar is constructed of 20-gauge steel to withstand more than 350 pounds of force, helping ensure that your doors remain securely shut... |
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Safer Brand 07270 Clothes Moth Alert Trap
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DescriptionSafer Brand Clothes Moth Alert TrapModel #: 07270Best Used For:Killing moths. Don't let moths dine on your best dinner jacket! This trap alerts you to moth problems while it attracts and traps adult moths. |
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Molly Shannon - May 12, 2007 (Edited Episode)
Sale Price: $1.99 |
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Aiphone 10-Call Entrance Station, Part# VC-10M
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DescriptionAiphone 10-CALL ENTRANCE STATION, Part# VC-10M |
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Honeywell RCWL300A1006 Premium Portable Wireless Door Chime and Push Button
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DescriptionThe Honeywell RCWL300A P3 Premium Portable Wireless Door Chime and Push Button makes it easy to replace your home's generic doorbell ring with a chime tune that better fits your individual style. This chime is also compatible with a wide range of optional security accessories that can help you safeguard your home and family, and it comes complete with a pre-programmed bell push button... |
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Keychain Remote Garage Door Opener Firefly 300Mhz
Sale Price: $6.80 |
DescriptionCompatible with Multi-Code receivers and transmitters. 10 Dip switch style remote operates on 300mhz frequency. Keychain remote one button with 12 volt battery included. Remote, keyring, & Battery included... |
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Honeywell TH8110U1003 Vision Pro 8000 Digital Thermostat
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DescriptionVisionPRO® Touchscreen 7-Day Programmable 1 Heat/1 Cool Conventional and Heat Pump Thermostat |
Commercial Apartment Loans, Still Some Great Options
Commercial apartment loans have fared very well, compared to other commercial real estate loans. We are still seeing low, long term fixed rates (up to 30 year), and underwriting standards that are not near as tight within other commercial property types. There’s a couple of different reasons for this. One is the historic stability of the asset class, and secondly, the government plays a big role in supporting the banks and lenders that fund commercial apartment loans.
The stability of the apartment buildings is both simple and complex. People need to live somewhere and rental housing is normally much easier to qualify for and get done. We are also seeing an interesting dynamic right now as many people re contemplate the benefits and potential appreciation of real estate ownership.
It was a “given” just 6 months ago that real estate was a sure thing. Now, many without the stomach for risk or the ups and downs of this investment class, have switched their attitude to the opposite perspective and have gone back to renting. In addition, the toughening credit standards for home buyers have forced many back into the rental market. As a result, demand for apartment housing has gone up and landlords are seeing some of the best quality tenants that they have in decades.
Commercial Apartment Loan
The government, through programs offered by Fannie Mae and Freddie Mac (and others) have kept the liquidity in the apartment marketplace. Without their involvement the apartment secondary market would probably look a lot like everywhere else. For example, other building types like office, retail, etc that do not get the benefit from Uncle Sam are down to portfolio lenders and underwriting guidelines like 60% loan to value - max.
The commercial secondary market for these building types is battered and bruised. Banks and lenders are having a very difficult time selling commercial debt off and are themselves forced to hold onto paper they meant to sell off.
What happens here with the government involvement for commercial apartment loans, is that Uncle Sam’s buy the debt from the funding bank/lender. The bank makes a fee by selling off the debt, and more importantly, they get back their capital back so that they can go out and fund another loan request. Besides the liquidity, this involvement give banks a lot of confidence and enables them to offer high leverage loans, like 80% loan to value on purchase and 75% on refinances because they believe they will be able sell the debt and not hold onto it over the long term.
About the Author
Jeff Rauth is President of Commercial Finance Advisors, Inc out of Birmingham, Michigan. 248 885-8797. investment property loans or commercial real estate loans or apartment loans