California Banks offer fixed rate loans for Apartment complexes refinancing their mortgage. Banks have underwriting guidelines for obtaining a mortgage for the apartment complex. If the owner fulfills the list and gives the bank the papers and information requested than an underwriting approval can proceed. Fixed rate loans also require an appraisal.

It is important to make sure the apartment complex is fully rented and is in good shape as these factors will affect the ability to obtain a good interest rate, good terms, valuation and approval for the fixed rate loan for the apartment complex.