Small Balance Multifamily Loans for non-bankable borrowers
- Nationwide
- Multifamily and mixed-use
- $500,000 to $1.5 Million ($1 Million+ only in major MSA’s)
- 7.99%+
- Term: 5 to 25 years
- Refinance, Refi Cash-out or finance purchase up to 70%
- Amortization: 30 years
- Prepayment: 5/4/3/2/1 declining
- Primary locations with 50,000+ population within 5 miles
- Requires property 80%+ occupied last 3 months with annual leases paid monthly
- Debt Service Coverage Ratio: 1.25X+
- Borrower must have recent experience owning similar multifamily property(s)
- 600+ middle credit score
- Tax returns required
- Net worth (combined for all key principals) greater than loan amount
- Liquidity (combined for all key principals) greater than 10% of loan amount
- No bankruptcy or foreclosures in last 3 years
- Low loan costs
- Points: 3+
- PRE-APPROVAL LOI in 24 business hours
- Loans funded 4 weeks after Eagle receives your completed loan docs
- No upfront fees..we are paid when your loan is funded at closing.
Please click FREE blue Small Balance Private Money Multifamily Loans for Non-Bankable Borrowers Link for FREE PRE APPROVAL LOI within 24 business hours. With a few clicks of your mouse it TAKES LESS THAN 4 MINUTES TO GET STARTED. No upfront fees, credit cards, Social Security Numbers or credit checks required.
