Multifamily Bridge Loans
Provides time and money for construction, rehab, adaptive reuse projects and distressed properties to lease-up and/or cosmetic renovation to qualify for long-term financing
Apartments, workforce and affordable housing
5 to 100+ residential units
Non-recourse
Nationwide (urban, suburban and rural)
No upfront fees, tax returns or income verification
Loan amounts: $500,000 to $20 Million
Competitive interest rates
Interest only on drawn funds
Origination varies
Term: 24 months plus two 1 year extensions
680+ FICO credit score
Finance or refinance 85% LTC (purchase price/loan payoff with or without rehab) up to 75% ARV
Cash-out options available
Cosmetic rehab experience required or must hire experienced general contractor
No prepayment penalties (minimum interest of 6-12 months)
Liquidity required: 9 months payments + 20% of rehab budget
Combined net worth of all borrowers varies with loan amount)
Bankruptcy: none past 7 years
Foreclosure, short sales and deed in lieu: none in last 4 years
Foreign nationals eligible at lower leverage
Subordinate debt not permitted
Fast underwriting and loan closings
To submit your online loan request, click the blue GET STARTED Link for your PRE- APPROVAL within 48 business hours for qualified borrowers. No upfront fees, tax returns, income verification, credit cards, Social Security Numbers, or credit checks required for PRE-APPROVAL.