Avant Capital Partners, a New York City-based commercial mortgage banking firm, has developed a Web-based utility, the Multifamily Quick Loan Sizer, to assist clients in analyzing multifamily loans. The model replicates basic underwriting principles, allowing multifamily investors, property managers, mortgage brokers and real estate agents to determine the feasibility of a specific multifamily loan scenario.
The Multifamily Quick Loan Sizer assists multifamily investors in determining the viability of available apartment financing, including Fannie Mae multifamily loans. The underwriting guidelines for multifamily financing have evolved throughout the current credit crisis.
‘The Loan Sizer is very helpful to make an initial assessment of financing viability," says Adam Luysterborghs, managing principal of Avant Capital. "Once you know the property is financeable, a deeper, more thorough review is warranted.’
The module will be initially distributed to Avant Capital's client base to streamline the loan submission process, allowing for faster response times and more effective communication with clients and borrowers, the company says.
SOURCE: Avant Capital Partners