Multifamily
Bridge Loan
- STARTING RATE
10.99%
*
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
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Multifamily Bridge Loan
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LOAN PURPOSE
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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.
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LOAN AMOUNT
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$500K - $5MM
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LOAN TERM
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12 to 24 months
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BORROWER RECOURSE
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Recourse and Non-recourse.
Non-recourse option will have standard carve-outs; availability will be determined on a case-by-case basis. |
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EXPERIENCE
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Prior multifamily property ownership experience required
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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% |
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FOREIGN NATIONALS
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Allowed with established US credit subject to 55% stabilized LTV max
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PROPERTY TYPE
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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 |
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MARKETS
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Primary, secondary and tertiary
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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
