Multifamily Bridge Loans
Short-term interest only loan designed for residential 5+ unit multifamily properties.
- RATES STARTING AT
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 Bridge Loan
- Purchases or delayed purchases
- For stabilized properties or those in need of value-add
- Available in select East Coast markets
- Minimum $100K value per unit (as-is)
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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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Loan Purpose | Multifamily (5+ units) bridge loan for purchase/delayed purchase of primary and secondary market residential investment properties that are stabilized or in need of renovation/value-add. |
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
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.
READY TO SUBMIT A LOAN?
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