This post might be helpful to an investor looking to finance its
first multifamily residential property or any type of commercial income producing property that might be confused with commercial lending.
In contrast, 13.9 % of other, smaller banks reported tighter lending standards on net largely because none of these banks eased their lending standards on loans secured by
multifamily residential properties over the past 3 months.
This newly organized Delaware limited liability company was formed to acquire, redevelop, and manage residential real estate assets in the United States, with a focus on acquiring and improving
undervalued multifamily residential properties that provide affordable value to residents.
Meanwhile, 36.1 % of other, smaller banks reported stronger demand for loans secured by
multifamily residential properties as 41.7 % of banks reported stronger demand, but 5.6 % reported weaker demand.
Figure 2 also shows that, on net, 10.2 % of large banks reported that lending standards on loans secured by
multifamily residential properties eased over the past three months as 20.5 % of large bank respondents reported that easier lending standards and 10.3 % reported tighter lending standards.
About BofI Federal Bank BofI Federal Bank is a federally chartered, FDIC insured, full - service bank that provides a wide variety of deposit accounts, as well as financing for single and
multifamily residential properties, small - to - medium size businesses in target sectors, and select specialty finance receivables.
Strong knowledge of engineering issues and needs of large scale commercial, hotel and
multifamily residential properties.
As illustrated in Figure 1, a net share of 25.0 % of all banks reported stronger demand for loans secured by
multifamily residential properties, 28.9 % of banks saw stronger demand while 3.9 % of banks reported weaker demand.
However, lending standards for loans secured by
multifamily residential properties, a measure of loan supply, tightened on net over the past three months of 2014.
As depicted in Figure 2, although 10.7 % of surveyed banks reported easing lending standards on loans secured by
multifamily residential properties, 12.0 % of banks reported tighter standards on these same loans.
Generally speaking, if you were to buy
a multifamily residential property and divide the purchase price by the number of units (to get the price per unit / home), the amount would likely be much cheaper than purchasing a condominium or single family home with similar attributes.