Small Balance Multi Family Bridge Loans
RATES:
8.00% - 11.99%
LOAN TO COST:
UP TO 85%LTC
LOAN TO VALUE:
Up To 75% LTV (65%CashOut)
LOAN AMOUNTS:
$250,000 - $3,500,000+
Special Pricing Between $100,000 - $1,000,000
LOAN POINTS:
Depending on the strength of the file,
EVALUATION PROCESS:
CRE Appraisal Under $1,500,000
or an MAI Appraisal for Loans Over $1,500,000
MINIMUM OCCUPANCY RATIO:
NONE/0.00%
MINIMUM DSCR:
NONE/0.00%
LOAN TERMS:
6 - 24 Months INTEREST ONLY
MINIMUM FICO:
600 Fico
LOCATION:
Almost Nationwide
COMBINED LOAN TO VALUE:
Up To 90%CLTV
PROPERTY TYPES:
5 - 500+ Units
Special Pricing For 5 - 9 Units Under $1M Loan Amount
LIEN POSITION:
Senior Lien Position
VESTING:
ENTITES ONLY (CORP., LLC, LP)
TITLE SEASONING:
NO SEASONING
LOAN STRATEGY:
RENOVATION, BRIDGE TO BANK, CONSTRUCTION TAKE OUT, BRIDGE TO STABILIZATION
LOAN PURPOSE:
PURCHASE OR REFINANCE
PRE PAYMENT PENALTY:
NONE
*We Only Lend on Investment Real Estate Only, We will NOT FUND a CONSUMER PURPOSE Loan.
