Compare published programs for apartment acquisitions, refinancing and property improvements. Review each lender’s stated appetite before preparing a submission.
Meridian Commercial Bank · Pacific Northwest Lending
Acquisition and refinance financing for multifamily properties undergoing renovation or lease-up in Washington.
Basis: Current appraised value; future stabilized value is not used for initial sizing.
Washington · Accepting submissions
Meridian Commercial Bank · Pacific Northwest Lending
Permanent financing for stabilized multifamily properties in Washington.
Basis: Reported purchase price.
Washington · Accepting submissions
Prepare a current rent roll, trailing operating statement and occupancy history. Identify concessions, vacant units and nonrecurring income separately.
For renovation or lease-up, describe the unit scope, budget, timing and projected rents. Check whether published leverage and coverage limits use current or stabilized figures.
State the acquisition or refinance purpose, requested loan amount and sponsor contribution. Program limits are screening information; the lender still reviews the property and sponsor.
Published criteria describe the lending team’s appetite. Financing remains subject to lender review, underwriting and approval.