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Commercial Loan Direct (CLD Capital) Reports a 32% Increase in its Conventional Apartment Loans Origination Platform by Offering Interest Rates Starting at 3.25% fixed

(August 31, 2012)

Atlanta, Georgia (PRWEB) August 31, 2012

Commercial Loan Direct, a business division of CLD Capital and one of the top five online originators of commercial and apartment loans in the country, has increased its overall conventional apartment loan production by making strategic partnerships which allows the company to offer very competitive conventional apartment lending products.

A portfolio or conventional loan is a loan that is made by a bank or lender that does not get sold to the secondary market i.e. Fannie Mae and Freddie Mac nor it gets packaged in a loan pool and sold as a bond in capital markets.

Commercial Loan Direct currently offers two types of conventional loans:

Small Conventional Apartment Loans
Mid-Balance Conventional Apartment Loans

Apartment Loans - Small Conventional Multifamily Mortgage
Commercial Loan Direct offers a very competitive and flexible multifamily wholesale loan program. This program is designed for Multifamily - Apartment buildings having 5 or more units.
Loan Amount: $1 Million to $5 Million Loan
Terms - fixed rate: 3, 5, 7 and 10 Year Loan Terms Available for Fixed Rate Products.
Terms - adjustable rate: Maximum 5 Years
Amortization: 20, 25, and 30 years
Prepayment: Multiple options
Loan to Value Ratios: 75%
Assumable
Recourse: Yes
Property Types: Multifamily - Apartment buildings having 5 or more units

Apartment Loans - Mid-Balance Wholesale Multifamily Mortgages
Commercial Loan Direct offers a very competitive and flexible multifamily wholesale loan program. This program is designed for Multifamily - Apartment buildings having 5 or more units.
Loan Amount: $5 Million to $20 Million Loan
Terms - fixed rate: 3, 5, 7 and 10 Year Loan Terms Available for Fixed Rate Products.
Terms - adjustable rate: Maximum 5 Years
Amortization: 20, 25, and 30 years
Prepayment: Multiple options
Loan to Value Ratios: 75%
Assumable
Recourse: Yes
Property Types: Multifamily - Apartment buildings having 5 or more units

Commercial Loan Direct ('CLD') a division of CLD Capital is a wholesale commercial mortgage lender and apartment mortgage banker originating for its own portfolio. In addition to offering its own financial programs, CLD has partnered with institutional investors, Fannie Mae, Freddie Mac, FHA, SBA, USDA, life insurance companies, banks and real estate investment trusts to bring you a wider selection of additional lending vehicles. With a focus on commercial loans over $1 million, a diversified mix of financing products, a state of the art online commercial lending platform, and a staff of experienced professionals, CLD provides a cost-efficient solution for apartment lending and commercial property financing.

View CLD's Commercial Loan Rates as of today

Read the full story at http://www.prweb.com/releases/apartment-loans/apartment-mortgages/prweb9856790.htm.

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