(PRWEB) June 9, 2005
apartmentloanbiz.com, a Los Angeles-based lending firm, is helping their clients successfully navigate in a highly competitive real estate niche that is exploding: buying apartments. By specializing in multifamily and commercial lending, this division of The Mortgage Guild is providing specific and targeted apartment loan expertise to buyers of investment properties.
California added 539,000 residents last year, making 2004 the sixth straight year that the state grew by more than half a million people. But with median home prices setting records nationwide ($445,000 in Southern CaliforniaÂs six counties), fewer and fewer of those new residents can afford to purchase their own home. As the demand for housing rises, so does the demand for apartments.
However, purchasing a multifamily investment property of five or more units involves a very different lending process than purchasing a home Â and different types of apartment loans as well.
ÂWe take the guesswork out of determining the right apartment loan product for each of our clients whether they are current investment property owners, developers, real estate agents, or the first time investor,Â said Leonard Manriquez, Director of apartmentloanbiz.com. ÂWe do that by having a wide array of products from which to choose: loan to values of 80% and combined loan to values of 85% for seasoned investors. Our apartment loan programs include full doc, stated income, forecasted rents, niche lending, and minimum down programs.Â
The team of experts at apartmentloanbiz.com pride themselves on:
- Knowing your market and working side-by-side with you
- Being focused exclusively on multi-family and commercial lending
- Highly competitive rates
- No hassles
ÂBuying an apartment building is not the unreachable goal that many people believe it is,Â says Manriquez. ÂThereÂs never been a better time to purchase investment property.Â
apartmentloanbiz.com is dedicated to defining the standards for high quality service, expertise and personalized guidance. We specialize in providing loan programs for long-term permanent financing on apartment and commercial/mixed use/industrial properties which have stabilized occupancy and established income streams. apartmentloanbiz.com conducts business primarily in Southern and Northern California with some apartment loan programs extending nationwide.
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