Multifamily
Bridge Loan
- STARTING RATE
10.99%
*
Key Facts About Our Multifamily Bridge Loan
- Purchases or delayed purchases
- Ideal for properties in need of value-add to stabilize
- Available in select East Coast markets
- Minimum $100K value per unit (as-is)
Loan Purpose | Multifamily (5+ units) bridge loan for purchase/delayed purchase of primary and secondary market residential investment properties in need of renovations or for quick bridge acquisition. |
Loan Term | 18 - 24 months initial term with up to two 6-month extension options |
Loan Amount | $2M - $5M, $100K minimum value per unit (as-is) |
Maximum Loan-to-Purchase-Price (LTPP) | Up to 75% LTPP |
Maximum As Stabilized Loan-To-Value (LTV) | Up to 70% LTV |
Maximum Fully Funded Loan-To-Cost (TLTC) | Up to 80% LTC |
Minimum DSCR | 1.25x exit DSCR |
Recourse | Full Recourse |
Minimum FICO | 725 |
Renovation Ratio | Limited to 50% or less of the purchase price |
Property Type | 100% residential, no mixed-use or owner-occupied units |
Markets | Select East Coast Markets |
Foreign Nationals | Not eligible |
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