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Multifamily Bridge Loans

Short-term interest only rehab loan for multifamily, apartment.

10.99%

*

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

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

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

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

We have the product to meet your needs.

 Important Note: If you are a broker, please call your FACo Account Executive to initiate access to your new and enhanced portal. If you don’t know who your Account Executive is, please call (866) 464-3226 .

Get Started

Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.









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