Apartment Loan in Miami, FL

Since April of 1994, Bison Financial Group, founded by brothers David and Jared Repka, has been helping real estate investors nationwide find the best loan products for commercial real estate investment properties. If you're looking for competitive rates on an apartment loan in Miami, FL, Bison Financial Group is here to assist. Our firm has a strong focus on apartment loans in Miami and the surrounding areas. The most attractive, non-recourse loan terms start at $1,000,000 for multifamily properties. For those seeking low-interest rates and non-recourse loans up to 80% of the property's value (with leverage up to 85% available for loans over $7 million), you've come to the right place. These specialized apartment loan products are available throughout the Miami metro area, including Broward, Miami-Dade, Palm Beach, and Monroe counties.

Multifamily Loan Underwriting

Each loan product has its own underwriting requirements. How loan data is presented to lenders can significantly impact pricing and loan proceeds. Bison Financial Group offers expert loan underwriting services for apartment building loans in Miami. Our expertise ensures that you receive the best pricing and loan terms for your multifamily or commercial real estate investment.

Free Loan Quote for Multifamily Loan in Miami, FL

We encourage clients to submit key property-level data for a free loan underwriting review. Our initial loan underwriting typically takes less than one business day, after which we provide several apartment loan options for you to consider. Here’s a short list of the property-level data needed to provide a loan quote:

Required Underwriting Information:

  • Last two years and Year-To-Date detailed Profit and Loss statements (a trailing 12-month P&L is preferred if available) on the apartment complex
  • Current Rent Roll
  • Brief narrative description of the property
  • If available, a few electronic photos or a copy of the real estate agent’s marketing package
  • The purpose of the loan: Acquisition, Refinance, Cash Out, or Property Repositioning (renovations)

A more detailed list of required information is available here: https://bisonfinancial.com/loans/checklist/

Next, we’ll need to understand your investment objectives. How much do you wish to borrow on the apartment complex? Is this a long-term or short-term investment? Outline your apartment loan request for Miami, FL, and we’ll tailor our recommendations accordingly.

We understand that financing an apartment complex is a critical part of your investment strategy. Therefore, we encourage clients to send us details about the property before finalizing the purchase and sale contract. This allows us to provide upfront loan options, helping you make an informed decision.

Fixed Rate Loan Terms for Multifamily Properties

Loan terms are available from 3 years up to 35 years (40 years for new construction on loans over $7 million). Eligible apartment buildings include Garden Style, High Rise, Age-Restricted, Student Housing, Section 8 Tenants, and subsidized properties. The property must have at least five units. If you have several buildings with five or more apartment units that you wish to place under one loan, that’s not a problem. Ideally, the buildings should be within 3 to 5 miles of each other to secure the best loan terms.

How Long Will It Take to Close the Loan?

The closing process typically takes between 45 and 55 days for a multifamily loan in Miami. Closing costs vary depending on the loan product. Before you proceed, we will provide a detailed estimate of the anticipated closing costs, along with the loan product, terms, and conditions. This ensures you can make an informed decision before moving forward.

Market Outlook for Miami Metro

The multifamily market in Miami remains robust, with strong fundamentals and continued demand, particularly in the wake of population growth and economic expansion. Miami's overall occupancy rate has remained high, supported by diverse industries, international demand, and a flourishing tourism sector. Miami’s strategic location and growing appeal make it an attractive investment market for multifamily properties. Investors are drawn to the area's stability, high rental demand, and favorable yields, making Miami and its surrounding counties a sought-after market.

Miami Multifamily Market Growth

Multifamily development in the Miami area is active, with continued expansion in key areas like downtown Miami, Brickell, and other urban cores. The inventory of apartment units has seen steady growth, with new developments continuing to add to the supply to meet high demand from renters.

Housing Outlook in Miami

The demand for workforce apartment products remains strong throughout Miami-Dade, Broward, Palm Beach, and Monroe counties. Miami’s continued growth in areas such as logistics, tech, and tourism is fueling the need for more multifamily housing. Mixed-use developments and suburban locations also continue to see substantial growth, while rising material costs have impacted some projects in early stages of development. Nevertheless, the overall outlook remains optimistic for investors.

For more information, visit Bison Financial Group's website.

As financial  advisor to private investment partnerships, Bison has learned the hard way what lenders close quickly & efficiently and what lenders are a waste of time. Bison’s experience in placing debt and equity capital for our clients and partners is a resource of tremendous value to new clients.

Since Bison is in the market every day arranging financing, we have learned how to find funds that are fairly priced for the risk from a wide variety of sources that actually close on the terms originally proposed. Bison has closed transactions across the capital spectrum: hard money lenders, private equity investors, banks, life insurance companies, hedge funds, Wall Street Conduit Lenders and Fannie Mae DUS lenders.

We understand and welcome the opportunity to arrange financing for your next project. Follow this link to learn what we need to see to give your next project a “sniff test”.

Our track record at closing transactions speaks for itself: since the firm was founded we have been involved in more than a billion dollars of transactions. For a more detailed explanation of our closed transactions please click here for a list of our recent deals.

We  are creative problem solvers willing to roll up our sleeves and get transactions closed. If we can not get the deal done in house, we are happy to provide a name and number of a potential source.

Contact us today with a potential opportunity or send us an email to be added to our electronic distribution list for up to date information on compelling market opportunities.

For questions or for more information, please contact:
Jared R. Repka, Principal
Phone: 727-537-0208
Email: moc.laicnanifnosibnull@deraj