Bridge

Learning the Basics of Multifamily Bridge Loans

In many cases, the amounts of money involved in many areas of commercial real estate are large enough to necessitate additional financing not commonly found in other areas of the industry. A good example is the multifamily bridge loan. This is a loan that brings immediate financing and offers the chance for a quick closing while the borrower waits for a longer-term solution to become available.

At Bonneville Multifamily Capital, we offer multifamily bridge loans ranging up to […]

Apartment Complex

4 Common Refinancing Mistakes to Avoid in Multifamily

At Bonneville Multifamily Capital, refinancing a multifamily real estate loan is one of our specialties. We’re here to help find you the perfect multifamily lender for your refinance, and put you in a position to open up significant financial flexibility.

Refinancing can be a great way to open a few things up, but if you make the wrong choices during it, it can also be a way to complicate your finances even further. Let’s look at a few of […]

credit cards

Is My Credit Score Important for a Commercial Multifamily Loan?

The short answer is YES. While the financial performance of the underlying asset takes precedence, the credit and financial strength of the sponsor is also underwritten.

In any loan application situation, whether it’s a standard home loan, a multifamily commercial loan or any other type for that matter, your credit score is an important consideration for lenders. It can define which loans you’re eligible for, plus the rates and other benefits for which you qualify.

Obviously, a high credit […]

commercial building

Understanding the 2 kinds of MIP in FHA Commercial Mortgages

If you have ever financed a residential property with an FHA loan, you know what the PMI is. If not, PMI stands for (Private Mortgage Insurance). Like most insurance policies, PMI has a monthly premium that is collected by the insurer. Mortgage insurance assures the lender (investor) will be repaid the money the lend out.

FHA loans are backed by the full faith and credit of the federal government. However, FHA is not the lender; they are the insurer. Because […]