Skip to content

Multifamily Rehab (5 to 9 Units)

Eagle Commercial Funding Capital Corporation is a Direct Private Commercial Lender in 45 States and partners with several capital providers.

No upfront fees, tax returns or income verification 

Financing for builders, rehabbers, and investors experienced in fix-n-flip, multifamily, and construction. 

Rehab residential properties to increase their value and raise rents; when completed, sell for a profit or refinance for income and capital appreciation

Nationwide (except ND, SD, or VT)

Urban, suburban and rural areas 

$250,000 to $5 Million+ per property 

Finance up to 80% of purchase price/loan payoff plus 100% of rehab (85% BLENDED LTC) to 75% ARV 

Fast, in-house draws  

Experience required:

  • None for cosmetic, light rehab loans
  • For major rehab: 2+ rehab/construction projects purchased, sold or refinanced last 3 years or borrowers own GC with rehab/construction experience last 3 years (verified by buyer contracts and permits/CO’s 

Credit: 620+ 

13, 19 and 24-months  

Competitive fixed rates; no interest on undrawn funds

No prepayment 

Origination: 2+ points  

Liquidity: cash to close plus reserves to complete project and pay monthly interest  

Non-recourse option 

No seller notes or subordinate debt permitted

Foreign nationals: lower leverage

Appraisals <6 months old considered 

Adding square footage or change of use (2 to 4 units): (1) proper zoning; (2) no variances; (3) experience with similar projects last 3 years; (4) lower advances 

Luxury properties must be liquid 

Mid-rehab projects: (1) As-is & ARV appraisal; (2) appraisal with rehab budget and % completed per line item; (3) receipts to completed items; (4) property taxes, interest/debt payments, insurance, legal fees, and closing costs not reimbursable; (5) initial release lesser of as-is value and cost basis 

Refinancing another lender must pass reasonableness test 

Ineligible borrowers: (1) financial crimes, (2) bankruptcy/foreclosure last 4 years: (3) Federal Tax liens cleared before closing 

Ineligible: owner-occupied, mixed-use, raw land, commercial, unique, manufactured, mobile homes, condotels, timeshares, farms, 2+ acres per property (without exception) or <700- square feet per unit 

Ineligible projects: mixed-use, mid-rehab/construction, conversions, extensive fire or water damage. 

Loan exit strategy: profitable sale or rental refinance  

Clean title  

From initial application to loan payoff, we’re here for you.

Let’s Finance Your Next Deal!

To submit your online loan request, click the blue GET STARTED Link for PRE-APPROVAL Term Sheet 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. 

Back To Top