Bristol Capital Group specializes in multifamily apartment acquisition financing and refinancing. We pride in our ability to fund the apartment acquisition loan in a timely manner to meet contract requirements. The end result is a long-term, fixed rate loan at an extremely attractive rate. We help navigate our clients through the apartment acquistion loan process and are very hands-on. Acquisition loans can be funded within 60 days.
Apartment Acquisition Loan Program Highlights
Get a Quick Quote Now- Term: 5 – 30 Year Fixed Rate – 10 Year Rate Currently +/- 4.5%
- Amortization Up to 30 Year
- Maximum LTV 80%
- Debt Service Coverage: 1.25
- Fee to Lender: 1 Point including Bristol Fee
- Third Party Reports: Appraisal, Environmental, Property Condition
- Non-Recourse in Most Situations
The following check list is requested to size a Multifamily Apartment Acquisition Loan:
- Current Rent Roll (85% occupancy required)
- Trailing 12-Month Rent Collections
- 3 Years Historical Operating Statements (Income and Expenses)
- Current Year-to-date Operating Statement
- Description of Property – Location, Number of Units, Year Built, Amenities, etc.
- Property Brochure/Photos
- Underlying Mortgage Balance
- Loan Request
Please forward requested information electronically via email or send to:
Bristol Capital Group
400 W. Maple Road, Suite 175
Birmingham, Michigan 48009
248.203.1384 - Office
248.203.1397 - Fax
