Multifamily Rehab Loans

Short-term interest only rehab loan for multifamily, apartment, and mixed-use properties.

Get Started with Multifamily Loan

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
  • 10+ unit – Multifamily and mixed-use (up to 30% commercial)
  • Class A, B and C grade. Class D (case-by-case)
  • Underwritten to Agency takeout
Multifamily Bridge Loan
Loan PurposeMultifamily bridge loans for purchase or refi of small and middle-market investment properties (10+ multifamily units) that are stabilized or in need of renovation/value-add.
Loan Amount
$1MM - $10MM
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.
Minimum of 3 multifamily projects completed, one within the previous 36 months.
Maximum Leverage
Loan-to-Cost (LTC)5
Loan-to-Value (LTV)4
Cost is purchase price amount
Up to 80% current value/cost (LTC) | 70% of stabilized value (LTV)
Foreign Nationals
Not eligible
Property Type
10+ unit - Multifamily and mixed-use (case-by-case), 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.
Primary, secondary and tertiary

Why Choose a Multifamily Loan?

  • Uncapped renovation budget (up to max loan amount) including creative options for raising rents (i.e. tenant buyouts)
  • 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
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