California Multifamily Apartment Loans

RPM Mortgage - Paul Schectman Senior Mortgage Advisor offers a variety of loans for apartments with five units or more. Whether it's a small property or a large complex with several hundred units, RPM Mortgage - Paul Schectman Senior Mortgage Advisor has the ability to place the loans with the rates and terms that best fit the borrower's needs.

• Permanent Loans Fully amortized 30-year loans on Adjustable Rate Programs. Loans may be tied to a variety of different indices from 11th District Cost of Funds, MTA, CMT, or the 6-month LIBOR.
• Fixed Rate Loans with terms of 3, 5, 7, 10, or 15 years with 30-year amortizations. Some programs are available that roll to an adjustable loan at the end of the fixed rate period.
• Bridge Loans Short term loans for turnaround situations. Earn-outs and interest reserves can be built into the loan until the property reaches stabilization.
• Conversion Loans Converting an old office or industrial building into loft apartments,  RPM Mortgage - Paul Schectman Senior Mortgage Advisor  can locate the rehab money and the permanent money for these types of projects.

California Commercial Loans:

• Shopping Centers - Anchored or non-anchored centers.
• Retail Stores - Short-term leases and "mom and pop" tenants can be accommodated.
• Power Centers - Big Box users
• Office Buildings - All types from small professional buildings to high rise office buildings.
• Single Tenant - Whether it is a credit tenant or not, RPM Mortgage - Paul Schectman Senior Mortgage Advisor has the sources to fund you loan.
• Hotels - From small independent motels to large flagged or chain hotels.
• Mixed Use - Office over retail or apartments over retail - it does not matter. RPM Mortgage - Paul Schectman Senior Mortgage Advisor has the lenders that want to fund these types of properties.
• Special Purpose - Typically, lenders have trouble with special purpose properties; however, at RPM Mortgage - Paul Schectman Senior Mortgage Advisor we can finance all types of single purpose properties. RPM Mortgage - Paul Schectman Senior Mortgage Advisor has funded many properties that are normally difficult to finance.
• Industrial - Old and new, single-tenant, multi-tenant, or owner-user loans are available.
• SBA - Small Business Administration Loans

Contact Paul Schectman to review your Multifamily and Commercial mortgage loan options.