Highly competitive apartment loans for multifamily properties with 5 or more individual units, including mixed-use commercial and mobile home parks, through a low cost, streamlined and simplified loan process. Low closing costs, up to 80% CLTV, limited impounds
Innovative and customized apartment financing for conventional market-rate apartment properties. Options include: fixed terms from 5-30 years, early rate lock to 365 days, tired risk-based pricing, flexible prepayment options, cash or MBS execution, balloon or no balloon terms...
BRIC LLC founded in 2000, is a mortgage banking firm lending in all 50 states. Because we specialize in apartment building lending of five units or more, we are exceptionally good at getting our loans closed as proposed. We have closed all of our permanent apartment loans upon application acceptance for over 21 years at this time. Our team of highly skilled loan officer’s combined have many years of experience.
The secret to our success starts with our skill with evaluating the 3 major components that are essential to qualify for an apartment complex loan in our challenging economy today. By assessing correctly the income of the property, the quality of the property, and the strength of the borrower, we can help insure the success of each deal. Secondly we run the submission package by an underwriter and a credit manager ahead of time. These are the people who will be approving your loan.
We have the lowest interest rates available in America today. Our funds come from Fannie Mae, Freddie Mac,
Apartment Loan programs from our national Commercial Lending Group encompass all aspects of multifamily apartment financing. Whether you are refinancing a stabilized apartment building or acquiring & developing a new apartment complex, our aggressive apartment loans have helped investors across the country achieve their apartment financing goals with larger apartment loans, lower DCRs and faster closings. Because we structure financing utilizing a broad spectrum of traditional and non-traditional capital sources, we aren’t tied down by whatever the flavor of the moment is on Wall Street, and can get deals financed which the CMBS world can't or won't do, especially in the current structured finance market.
BRIC LLC offers a comprehensive range of services and products for the commercial real estate and finance industry. With offices nationwide and innovative lending vehicles, we are able to service and maintain strong relationships with our borrowers, investors, investment bankers, brokers and developers. Discussing your project with one of our Business Development Officer's (BDO)/Underwriter's is like speaking with hundreds of all types of lenders and equity partners at one time. With an average of 30 years of commercial underwriting experience, access to and knowledge of every available money source in the nation our BDO/Underwrites have the ability to size projects quickly and objectively to put together the program that best works for the borrower’s objectives in a timely fashion.
BRIC LLC offers a nationwide private banking advisory approach to apartment loan funding.
Large Apartment Loans
Funding for apartments and luxury styled apartments with town homes from $8 million to $100 million. The large loan program is designed to help with financing mortgages for seasoned investors which is routinely arranged with more convenient terms to assist you to meet more complex lending objectives.
Mid-Size Apartments Loans
Funding for apartments worth $3 million to $8 million. The mid-size loan program has been created to accommodate the needs of your important multi-unit commercial assets. BRIC LLC offers apartment financing programs that serve the needs of investors often with excellent delivery time and substantial cost savings.
Smaller Multi Family Loans
Smaller apartment funding and commercial real estate loans for multi-family from $100K to $3 million are directly provided by our preferred equity partners. Our small balance loans offer numerous lending advantages including less documentation and faster closings than ever before.