Apartment loans by Commercial Loan Direct
With the fiercely competitive rental market, there has not been a better time to invest in a multifamily property.
Atlanta, GA (PRWEB) February 28, 2013
Commercial Loan Direct, the business division of CLD Capital and one of the top online originators of commercial real estate loans has seen a 34% increase in Fannie Mae Apartment Loans as compared to this time last year.
The Fannie Mae Apartment Loan program focuses on fixed rate funding for multifamily properties across the country. With the fiercely competitive rental market, there has not been a better time to invest in a multifamily property. The Fannie Mae program facilitates financing of economically sound apartment housing projects making the process much easier for potential investors.
First introduced in 1938 during the Great Depression as part of the New Deal, the Fannie Mae program has seen a great number of changes. 1984 brought a business division dedicated to purchasing apartment loans, and since then Fannie has continued to provide a consistent supply of funding to the multifamily market through all market cycles.
For 2013, the 34% increase in Fannie Mae Apartment Loans for Commercial Loan Direct continues to show a strong future for the rental market. Current market rates are as low as 3.07% so now is the time to take advantage of this incredible opportunity.
Commercial Loan Direct (‘CLD’) a division of CLD Capital is a wholesale commercial mortgage lender. In addition to offering its own financial programs, CLD has partnered with institutional investors, Fannie Mae, Freddie Mac, FHA, SBA, USDA, life insurance companies, banks and real estate investment trusts to bring you a wider selection of additional lending vehicles. With a diversified mix of financing products, a state of the art online commercial lending platform, and a staff of experienced professionals, CLD provides a cost-efficient solution for apartment lending and commercial property financing.
View Commercial Loan Direct’s apartment rates and commercial loan rates.