PacificFirst Mortgage

6120 Paseo Del Norte,
Suite I-2,
Carlsbad, CA, 92011
Tel: 760-607-0440
Fax: 760-607-0441

PacificFirst Mortgage Apartment Loans

PacificFirst Mortgage MFLD simplifies the process of obtaining apartment financing for apartment loans under $5 million. Through a streamlined loan process, borrowers save time and money with reduced document requirements and streamlined third party reports. The abbreviated loan process allows for quick closings, often less than 30 days from receipt of application package.

Loan Program Overview
PacificFirst Mortgage MFLD Small Balance Apartment Loan Program offers borrowers unmatched performance and cost savings with low fixed-rates, up to 85% apartment financing and exceptionally low closing costs. Some Of The Features Offered

  • Apartment Loans From $500,000 - $20,000,000
  • 15 and 30 Year Amortizations
  • 3, 5, 7, 10, 15 Year Fixed Rate Terms
  • Interest Only Payment
  • Limited Appraisal – No Environment
  • No Replacement Reserves
  • Monthly / Annual Leases Acceptable
  • A, B and C Property Types Considered
  • 3% seller Concession Allowed on Purchases
  • 10% Seller 2nd Allowed
  • Reduced Recourse and Non-Recourse Personal Guarantees Available
  • Mixed-Use Commercial/Residential Acceptable to 25% Commercial Use
  • No Balloon or Call Provisions
  • Maximum LTV 80% / 85% CLTV
  • Step Down Payment
  • 60 Day Rate Lock
  • Limited Impound Requirements
  • Section 8 – Subsidized Rents OK
6120 Paseo Del Norte, Suite I-2, Carlsbad, CA, 92011 | Tel: 760-607-0440 | Fax: 760-607-0441