Multifamily Bridge Loans
Short-term interest only rehab loan for multifamily, apartment.
- RATES STARTING AT
10.99%
*
Our business purpose program can be used to finance existing small and middle market investment properties and apartments that are stabilized or are in need of renovation with value-add or repositioning strategies.
Key Facts About Our Multifamily Commercial Loan
- Purchase, refinance, refinance cash-out or value-add/rehab
- 12-to-24-months, fixed rate, interest only loans
- Unlimited unit count, min $35,000 per door
- 5+ unit Multifamily
- Class A, B and C grade. Class D (case-by-case)
- Underwritten to Agency takeout
|
|
Multifamily Bridge Loan
|
|---|---|
|
LOAN PURPOSE
|
Multifamily bridge loans for purchase or refi of small and middle-market investment properties (5+ multifamily units) that are stabilized or in need of renovation/value-add.
|
|
LOAN AMOUNT
|
$500K - $5MM
|
|
LOAN TERM
|
12 to 24 months
|
|
BORROWER RECOURSE
|
Recourse and Non-recourse.
Non-recourse option will have standard carve-outs; availability will be determined on a case-by-case basis. |
|
EXPERIENCE
|
Prior multifamily property ownership experience required
|
|
MAXIMUM LEVERAGE
LOAN-TO-COST (LTC) LOAN-TO-VALUE (LTV) COST IS PURCHASE PRICE AMOUNT |
Up to 75% of purchase price and 100% of renovation costs subject to 80% total (LTC) | 70% of stabilized value (LTV)
Cash-out refi 65% |
|
FOREIGN NATIONALS
|
Allowed with established US credit subject to 55% stabilized LTV max
|
|
PROPERTY TYPE
|
5+ unit Multifamily, min $35,000 per door
Acceptable properties are Class A, B and C grade. Class D properties will be considered on a case-by-case basis |
|
MARKETS
|
Primary, secondary and tertiary
|
Minimum Guarantor Fico | Mid-Score of 680 |
Markets | Primary, secondary and tertiary |
Loan Term | 12 to 24 months |
Recourse | Loans ≤ $2MM: Full Recourse Loans > $2MM: Full Recourse or Limited Recourse with bad-boy carveouts Completion Guaranty/Reserve Replenishment Guaranty when applicable |
Loan Types | Interest Only | Fixed/Adjustable Rate Mortgage Options |
Experience | Prior multifamily property ownership experience required |
Loan Amount | $500K - $5MM |
Loan Purpose | Multifamily bridge loans for purchase or refi of small and middle-market investment properties (5+ multifamily units) that are stabilized or in need of renovation/value-add. |
Property Type | 5+ unit Multifamily, min $35,000 per door Acceptable properties are Class A, B and C grade. Class D properties will be considered on a case-by-case basis |
Maximum Leverage Loan-To-Cost (Ltc) Loan-To-Value (Ltv) Cost Is Purchase Price Amount | Up to 75% of purchase price and 100% of renovation costs subject to 80% total (LTC) | 70% of stabilized value (LTV) Cash-out refi 65% |
Borrower Recourse | Recourse and Non-recourse. Non-recourse option will have standard carve-outs; availability will be determined on a case-by-case basis. |
Foreign Nationals | Allowed with established US credit subject to 55% stabilized LTV max |
Over $8 Billion in loans for Real Estate Investors
Why Choose a Multifamily Loan?
- Up to 100% financed renovation with a completed project and future rental value analysis
- Provides short-term placement with an outlook for permanent financing at the end of the term of the loan
We have the product to meet your needs.
Get Started
Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.