Multifamily
Bridge Loan
- STARTING RATE
10.99%
*
Key Facts About Our Multifamily Bridge 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
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
The Multifamily Loan Program is perfect for small balance residential properties with more than 5 units. The minimum loan amount is $500,000. With competitive rates, it’s perfect for rehabbing a multifamily property.
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
