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Federal Prime Rate
The U.S. Federal Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional banks, credit unions, wholesale lenders, thrifts, and private lenders) use the U.S. Prime Rate as an index or foundation rate for pricing various short, medium, and long-term mortgage products. ICS prices loans using the Federal Prime Rate as a benchmark, adding or deducting margin based upon the property type, income, and overall stability of the asset. ICS structures and packages loans, including rate and terms, then sells or brokers these loans to the most competitive lender, who either meets, beats, or counter-offers our asking rate and terms or behalf of our valued clients.
In most cases, conventional multifamily loans over $1MM are within 0.5% of the Prime Rate, up or down. Multifamily loans under $1MM are typically 1% to 2% above the Prime Rate. Conventional commercial properties loans, including office, retail, and industrial are usually funded at 0.25% to 0.5% above multifamily rates, given a higher level of risk. Short-term Bridge loans and Fix & Flip loans typically price at 1.75% to 8.75% above the Prime Rate. SBA loans are 2.25% to 4.75% above the Prime Rate. Final rates are determined by loan-to-value, location, operating income, occupancy, and overall quality of asset and borrowers financial stability.
About Us - What We Do
EasyLoanHelper & ICS LOANS helps you get the best deal possible on your multifamily, commercial, and investment property loans. By giving real estate investors multiple offers from several lenders through one single point of contact, we're able to make comparison shopping much easier because Lenders now compete for your business.
Whether you’re a first time real estate investor looking for a mortgage or you’re in the market for a multi-million dollar investment portfolio loan, we’ve got you covered.
ICS is a leading Correspondent Commercial Mortgage Company with one of the largest networks of commercial and investment real estate lenders in the nation, including Banks, Private Lenders, Credit Unions, Life Insurance Companies, Hard Money Lenders, Fannie Mae, and Freddie Mac. Find your next commercial, multifamily, or investment property loan through ICSLoans.com, including low rate permanent fixed mortgages, short-term bridge loans, rehab, SBA, construction, and portfolio loans. ICS does not originate owner-occupied home loans or any type of consumer related financing.
Our funding partner has direct underwriting capabilities with numerous end funders, allowing our clients to cut weeks off a typical closing schedule. The private capital fund also allows our partner to fund loans in-house for time-sensitive transactions.
Find Your Next Multifamily, Commercial or Investment Property Loan With "Loan Finder" and Search Hundreds of Conventional and Non-Conforming Loan Programs With Instant Access to Rates and Terms In Literally Seconds.
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We have direct underwriting capabilities with our nationwide lenders, allowing our clients to cut weeks off a typical closing schedule. Our private capital fund also allows us to fund loans in-house for those unusually Time-Sensitive Transactions.
If Your Loan Request Requires More Aggressive Loan Guidelines Which Accomodate Alternative Revenue, Credit or Property Exceptions, Review Our Private Finance TAB On Our Website