Multifamily Rehab Loans
Short-term interest only rehab loan for multifamily, apartment, and mixed-use properties.
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
- 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 and eligible mixed-use
- 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)
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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 and mixed-use (case-by-case), 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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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 sales rep to initiate access to your new and enhanced portal. If you don’t know who your sales rep is, please call 1-800-227-8107.
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.