Refinance
A refinance may be required due to a maturing loan or voluntary to lock in a lower rate or take advantage of increased equity in your property. Let MidCap guide you through the various options.
- Term: 5 - 30 years
- Amortization: Up to 30 years, with interest-only available
- Interest Rate: Fixed and floating rate options
- Maximum Loan-to-Value (LTV): 80%
- Non-recourse
- Cash-out proceeds available!
Purchase
Looking to purchase an apartment complex? Let MidCap secure the best financing to get the deal done.
- Term: 5 - 30 years
- Amortization: Up to 30 years, with interest-only available
- Interest Rate: Fixed and floating options available
- Maximum Loan-to-Cost (LTC): 80%
- Non-recourse
Build
When you need a ground-up construction loan, let MidCap walk you through the various options such as bank financing or a specialty program like HUD 221(d)(4). We have the expertise needed to simply the process.
- Term: Bank - 24 to 36 month construction term. HUD - 43 years (3 years interest only for construction).
- Amortization: Bank - Interest Only. HUD - 3 years interest only, 40 year full amortization.
- Interest Rate: Bank - floating rate. HUD - Low, fixed rate.
- Maximum Loan-to-Cost (LTC): Bank - 80%. HUD - 85%.
- Recourse: Bank - full personal recourse. HUD - non-recourse, including during construction period.
Recent Transactions
The Villas at Pigeon River
Sevierville, Tennessee
$17,420,000
Permanent Non-Recourse Loan
Congress Lofts
Kansas City, Missouri
$10,000,000
Non-Recourse Construction Loan
Norman School Lofts
Kansas City, Missouri
$10,799,000
Interest-Only Construction Loan