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