An efficient bank program has been created for real estate investors seeking multifamily financing. Apartment Bank has streamlined the process, from application through implementation, so that borrowers can close in record times.
Applying for an apartment loan has never been easier with competitive rates and low closing costs through the apartment loan Program from Apartment Bank. The six step process is outlined in the following:
1) Start the conversation with Apartment Bank. Chat via the web, email, or phone. A loan process manager will be assigned in order to match your goals with the best loan options.
2) Speak with an expert. Secure, exclusive technology is used to send the application. You’ll make a deposit (later credited against the closing costs of the apartment loan) to cover processing costs and speed up the process. Processes covered by the deposit include running a credit report, plus getting an unbiased third party appraisal, property inspection and environmental report.
3) Get loan processing started. Processing is easy for the borrower. Apartment Bank secures the appraisal, title work, taxes, insurance, and getting the current loan paid off (if refinancing).
4) Wrap it up. Finished paperwork is discussed with the client before closing.
5) Fund your loan. Closing is scheduled at a convenient location at escrow or title in borrower’s area.
6) The last step. As an Apartment Bank client, you’ll periodically receive rewards and cool perks-- including other banking options and programs offered by BofI Federal Bank, a full service bank.
In many cases, Apartment Bank is able to close multifamily loans within 45 days. Call (877) 433-4003 to get started today.