Insignia Mortage

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Apartment & Commercial Loans

Insignia Mortgage specializes in niche multi-family and commercial property loans that are custom-tailored for borrowing scenarios that require a specific understanding of the local Southern California marketplace.

Insignia Mortgage, a leading single family home lender, is now offering its unique lending solutions on both multi-family and commercial property transactions. Our custom-tailored loans are a wonderful fit for borrowing scenarios that require a specific understanding of the local Southern California marketplace.

Our Multi-Family, Mobile Home Park, Industrial, Office, and Retail Financing Options Include:

  • Access to regional banks & credit unions with local property expertise and fast turn times.
  • Interest-only loan options available on multi-family, mobile home park, industrial, office, and retail properties through our fixed and adjustable rate loan programs.
  • Balloon payments or 30-year terms available. Loan options with or without prepayment penalties for 5/1, 7/1, 10/1 ARM’s.
  • Range of full recourse, partial recourse, and non-recourse options. DSCR as low 1.1 times coverage.
  • Bank sourced short-term bridge loans during rent stabilization starting at Prime Rate and up to $10 million.
  • Stated income available. No need to go beyond the subject property in the underwriting analysis.
  • Private lending sources offering closings in 15 days. Loans up to $25 million and no prepayment penalty.
Debt coverage ratio as low as 1:1 DSCR.
Foreign buyers OK.
Owner/User portfolio lending options.
Bank-sourced
short-term bridge
acquisition rates start
at Prime +2% plus
1.50%.
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Transaction Spotlight

The Situation

$8 million investment property purchase with 62.50% lender financing.

The Solution

Insignia Mortgage underwrote the cash flow and approximate net equity in the borrower’s real estate holdings as well as verified down payment from several business bank accounts, including foreign bank holdings. The loan was made to a Limited Partnership with a foreign national as the general partner. The escrow closed in under 40 days.

The Loan Details

  • $5 million dollar line of credit
  • 2 year term
  • Prime + 1.2550%
  • Interest Only
  • No prepayment penalty
  • 30-day close of escrow
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