There’s never been a better time to get an apar tment loan in San Francisco! Interest rates are down and rents are up. This makes it an ideal time to get a loan for multi-family properties in San Francisco and the greater Bay Area whether for a purchase or refinance. Why is it a good time to get a loan? 1. Interest rates are low · This means properties will have more cash-flow after debt service which is a good thing for lenders and borrowers alike. 2. Rents continue to rise · For refinances, higher rents result in higher debt service coverage ratios which are used by lenders to qualify a loan. A higher DCR in conjunction with a low loan to value can allow borrowers to qualify for preferred rates and terms from some lenders or open doors to others that may not be available otherwise (like life insurance companies) 3. Lenders want to do loans in San Francisco · A lot of lenders got burned by making loans in secondary and even tert
The Professional Property Management Association of San Francisco (PPMA) represents the professional management of approximately 20,000 residential units and over 3 million square feet of office and commercial space in the City and County of San Francisco.