Multifamily 3-Year Float-Down Balloon Mortgage
5.750* | 5.000% (Interest Rate Minimum)

Are you waiting for rates to fall before buying or refinancing your multifamily property? Our Multifamily 3-Year Float-Down Mortgage locks in a 5.750% initial interest rate (maximum rate) and features a 5.000% interest rate minimum. It's your golden parachute in today's market.

BankFinancial’s Multifamily 3-Year Float-Down Balloon Mortgage
  • 5.750% Interest Rate with Zero Points and a 5.000% Interest Rate Minimum
  • Loan Amounts: $1 Million to $5 Million
  • Purpose: Purchase and Refinance
  • Properties: 5+ Units
  • LTV: Up to 65% / 30-Year Amortization

How It Works:

  • Benefit From Market Interest Rate Declines. Each year for the next 2 years, we'll automatically adjust your interest rate. If interest rates are lower, your rate will float down to the current market interest rate.1
  • Protection Against Rising Interest Rate. If your rates go up, your interest rate will never exceed the maximum rate of 5.750%.

Also Available:

  • Multifamily 5-Year Float-Down Balloon Mortgage for an additional 0.125% to interest rate2
  • Cash-Out Investment Equity Loan
  • LTV: Up to 80% (Dual Note)
  • Interest-Only Lines of Credit
  • Loans Up to $10 Million
*Interest rate index = 3-year U.S. Treasury Rate + 2.250% margin. Interest rate current as of 8/29/24 and subject to change. All loans subject to credit and collateral approval. Application must be submitted by 10/31/24 and loan must close by 12/20/24. Offer not valid for BankFinancial loan refinances.
1. Subject to the 5.000% interest rate minimum.
2. Multifamily 5-year Float-down Balloon Mortgage available for an additional 0.250% to the interest rate.