Multifamily Bridge Loan
Short-term interest only rehab loans for 5+ unit multifamily properties.
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
| | 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 |
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
BEGIN TODAY BY TAKING ADVANTAGE OF A Multifamily Bridge Loan
