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Updated about 8 years ago on . Most recent reply

User Stats

14
Posts
16
Votes
Phil Trietsch
  • Lender
  • Austin, TX
16
Votes |
14
Posts

Non recourse apartment financing for small balance

Phil Trietsch
  • Lender
  • Austin, TX
Posted

I'm curious if anyone has any luck finding non-recourse financing for an apartment loan around $600,000.  This is below the threshold for Fannie Mae small balance loan (minimum $750,000).  We realize rates may be a bit higher than market but do not want hard money rates of 10% or greater.  Is there anyone that might know of something?  Thanks in advance!

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