Apartment Loans

Customer Testimonials:

"We had a difficult loft property to get refinanced. B.I.B. Capital stuck with us and we were able to get a 10 year loan with a thirty year amortization at 150 bp over the same term treasury. We are now locked in at 5.85% in a rising interest rate environment and could not be happier with the service we got." Jason Murrey, Apartment Developer

"As a Hard Money Real Estate Lender most of our money comes from investors or banks that dictate too many terms. BIB Capital showed us a way to get a non hedge fund institutional investor that would give us delegated underwriting, and a true revolving credit facility as well."
R. C. Greaves

Apartment Loans

B.I.B. Capital Management Group offers a broad range of debt and equity financing options for apartment owners and developers. Many of our programs provide cash-out, long-term fixed rates and are non-recourse.

We work closely with our clients developing opportunities for new construction, permanent refinance, bridge/structured loans, preferred equity, and much more.

Wide choice of financing

Fixed rate construction and permanent financing for the construction of new apartment properties or for existing apartments requiring substantial rehabilitation. Properties must have a minimum occupancy of 90% at the time of commitment and the preceding three-month period. Program provides for second mortgage financing after 12 months, assumable and allows cash-out.
Fixed and adjustable rate financing for purchase and refinance transactions of existing, well-maintained apartment properties (including recently completed developments). Available for properties throughout the United States.
Forward rate lock commitment: fixed rate permanent loan commitments involving the new construction of market rate apartment properties. Our Lender can provide "one stop" debt financing for both construction and permanent loans through a coordinated process with a Fannie Mae approved construction lender. Customer can lock in a fixed rate during construction.
Mezzanine Financing
Bridge Loans for Acquisition/Refinance and Moderate Renovations. Proceeds s can be used to fund reposition properties and fund time sensitive deals.
HUD Section 221(d)(4): new construction or substantial rehabilitation of apartment properties. In order to qualify as a substantial rehabilitation project either (1) the cost of repairs, replacements and improvements exceeds the greater of 15% of the estimated replacement cost after completion of all repairs, or (2) $6,500 per unit adjusted by the local HUD high cost percentage; or two or more building systems are being replaced. Program provides high leverage, fully amortizing fixed rate and is assumable.
HUD Section 223 (F): Refinance or purchase of apartment properties which are at least 3 years old from the date of initial occupancy. Moderate rehabilitation is permitted. Program provides high leverage, fully amortizing fixed rate and is assumable.

View the apartment loan submission requirements