|
|
  irst
Financial Bancorp offers a variety of loans for apartments with
five units or more. Whether it's a small property or a large complex
with several hundred units, First Financial Bancorp has the ability
to place the loan with the rates and terms that best fit the borrowers'
needs.
Some of First Financial Bancorp's programs are:
 |
Permanent Loans - Fully amortized 30-year loans on Adjustable
Rate Programs. Loans can be tied to a variety of different
indices from 11th District Cost of Funds, MTA, CMT or 6-month
Libor. Fixed Rate Loans with terms of 3, 5, 7, and 10 with
30-year amortizations. |
|
Bridge Loans - Short term loans for turnaround situations.
Earn-outs and interest reserves can be built into the loan
until the property reaches stabilization. |
|
Conversion Loans- Converting an old office or industrial
building into loft apartments, First Financial Bancorp can
provide the rehab money and the permanent money for these
projects. |
CA Dept of Real Estate License 01144023
|
|
