Apartment Loans for Amarillo.

If you are searching for an Amarillo apartment loan, Caffrey & Company LLC can help you find the best loan product for your commercial real estate investment properties. We specialize in providing Amarillo Apartment Loans with attractive, non-recourse loan terms. Our expertise lies in presenting loan data to the lenders in a way that maximizes pricing and loan proceeds.

Loan Underwriting material. We encourage our clients to submit key property-level data for a free loan underwriting review, which usually takes less than one business day for us to respond to several apartment loan options.

To provide you with a loan quote for the financing of an apartment complex, we would need the following underwriting information:

– Last two years and Year-To-Date detailed Profit and Loss statements on the apartment complex.

– Current Rent Roll include the unit mix description and square footage.

– Brief narrative description of the property, year constructed, amenities, etc.

– If available, a few electronic photos or a copy of the real estate agent’s marketing package.

– Purpose of the loan (acquisition, refinance, cash-out, property re-positioning).

We also need to understand your investment goals and for the apartment loan request. Fixed rate loan terms are available from 3 years up to 35 years, or 40 years for new construction on loans over $5 million. The closing process normally takes between 45 and 55 days, with closing costs varying between loan products.

Amarillo’s economy April 2024

Amarillo’s economy has shown some fluctuations.  Month over month, Retail Sales are up 1.8% a year ago. Year to Date Sales are almost exactly flat with 2023. New Car Sales are down 14.7% from 12 months ago. Used Car Sales are down 16.7% over the same time. Also, level with a year ago are Airline Boardings. The Hotel/Motel Tax Collections are down 36% from a year ago. The Household Survey shows 1,214 more people working compared to last year.

The Employers Survey shows an increase of 1,670 workers. Lubbock is up 1,991 and 2,896. Midland/Odessa is up 1,802 and 2,620. Wages in Amarillo are up 5% from 2023. There were 45 Residential Starts this month, down 37% from the 71 last April. 2024 Year to Date Starts are down 11% from 2023. House prices are up 2%. Construction is up due to Transformational Park and a $4.5 million remodel for the APD. Year to Date Permits are up 51.5% over last year.

It’s essential to consider these economic factors when making an investment. If you are interested in learning more about the loan products we offer, you can find details on several loan products on our website.

Keep Caffrey & Company in mind when searching for a Texas lender for apartments. In conclusion you find details on several loan products by following these links: Freddie Mac, Fannie Mae, HUD/FHA, Commercial Mortgage Back Securities (CMBS) and other loan products.  Want more details and sample interest rates for apartment check out Interest Rates for Apartment Loans also on our web site:   Multifamily Loan Interest Rates.

Have a question please call:  Mike Caffrey (913) 402-7077 or email: [email protected]

On our web site you can read about specific loan products: www.caffreyloans.com/loan-products, offered by Freddie Mac, Fannie Mae, HUD/FHA, Commercial Mortgage Back Securities (CMBS) and other loan products. Want more details on sample interest rates for apartment check out Interest Rates for Apartment Loans also on our web site: www.caffreyloans.com/apartment-loans.

Have a question please contact
Mike Caffrey
Telephone: (913) 402-7077
[email protected]
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