First 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, 10 or 15 years with 30-year amortizations. Some programs are available that roll to an adjustable loan at the end of the fixed rate period.

• 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.

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