Condo building loans
Condo building loans
Only a select few companies have the experience and knowledge necessary to successfully arrange the mortgage financing for an entire condo building. Because each individual condo unit is owned by an individual, there is minimal collateral available to secure the financing to the condo building itself. Excel Realty Capital, Inc. is able to secure condo building financing through various complex structures including using the common charge receivables as collateral. Condo loans require extensive due diligence on the property as well as an understanding of the available mortgage products. Excel Realty Capital has successfully closed many loans for condo buildings, and through our extensive network of banks and lenders can ensure that our clients receive the best possible terms. For mortgages that can reach many millions of dollars, every basis point in rate saved goes a long way.
- Fixed rates from 3 to 30 years
- Loan terms from 5 to 30 years
- 1st and 2nd lien position mortgages available
- Working capital lines available
- References upon request