Premier Plus Lending offers a variety of loans for apartments with five units or more. Whether it’s a small property or a large complex with several hundred units, Premier Plus Lending has the ability to place the loan with the rates and terms that best fit the borrowers’ needs.
Fully amortized 30-year loans on Adjustable Rate Programs. Loans can be tied to a variety of different indices from 11th District Cost of Funds, MTA, CMT or 6-month Libor. Fixed Rate Loans with terms of 3, 5, 7, 10 or 15 years with 30-year amortizations. Some programs are available that roll to an adjustable loan at the end of the fixed rate period.
Short term loans for turnaround situations. Earn-outs and interest reserves can be built into the loan until the property reaches stabilization.
Converting an old office or industrial building into loft apartments, First Financial Bancorp can provide the rehab money and the permanent money for these projects.
NMLS: 01870063 | DRE: 01870063
Address:
13412 Ventura Blvd. #220
Sherman Oaks, CA 91423
