New Britain, Pennsylvania – August 7, 2015 – As multifamily market conditions around the nation continue to soar to levels not seen in well over a decade, K2 Commercial Finance announced today a variety of multifamily financing options available for smaller investors seeking to acquire or refinance a small to mid-sized property.
According to Ken Kaplan, president of the firm, there is no better time to acquire multifamily properties as vacancy continues to fall resulting in strong operating fundamentals for property owners. REIS, Inc. recently reported that national apartment vacancy continued its fall during the second quarter to a very low rate of 4.1 percent. Furthermore, average multifamily rental rates increased 0.6 percent during the quarter.
“Without question, market conditions are the best they’ve been in many years for multifamily owners,” said Kaplan. “These market conditions are not just limited to large complexes, but small properties as well.”
K2 Commercial Finance offers a wide range of multifamily loan programs that can accommodate virtually any apartment complex transaction. Bank competitive rates and terms are available for stronger, stabilized transactions.
One of the missions of K2 Commercial Finance is to make commercial property loans available to investors that either do not like or qualify for conventional bank financing. For those small investors who have been hesitant about borrowing because of these concerns, Kaplan explained K2 Commercial Finance offers solutions. In addition to their ability to move faster than traditional lending institutions, K2 Commercial Finance can also accept credit scores and income documentation that are lower than what most banks will allow.
“We can get financing closed in situations where the banks have said no,” added Kaplan.
Not only are market conditions ripe for investors, but Kaplan noted that multifamily properties with five units and up are widely considered one of the safest forms of commercial property investments. Furthermore, the company utilizes a unique method in normalizing apartment income and positioning expenses so that their lenders can provide the best possible mortgage terms in the shortest amount of time.
K2 Commercial Finance is a commercial mortgage brokerage that offers commercial loan solutions to meet the needs of small business and property owners. Their niche lies in servicing borrowers needing commercial real estate financing between $100,000 and $5 million. K2 Commercial Finance requires no upfront costs and is only paid upon a successful loan closing.
Contact:
Ken Kaplan, President
215-230-1885 or ken@k2cfinance.com
13 Goldeneye Court
New Britain, PA 18901
Visit the company online at www.FastCommercialMortgages.com
13 Goldeneye Court
New Britain, PA 18901
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