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
- 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
13, 19 and 24-months
Competitive fixed rates; no interest on undrawn funds
Origination: 2+ points
Liquidity: cash to close plus reserves to complete project and pay monthly interest
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
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.