California Multifamily and Apartment Unit Loans:

Paul Schectman at 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.

Contact Paul Schectman at RPM Mortgage - Paul Schectman Senior Mortgage Advisor to review your multifamily, and apartment building mortgage loan options.