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Multifamily (5-9-Unit) Construction Loans  

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

Build residential properties to create value; when completed, sell for a profit or refinance for income and capital appreciation 

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

Nationwide (except ND, SD, or VT)

No upfront fees, tax returns or income verification  

Fast in-house loan servicing, construction management and draws  

Urban, Suburban and rural properties 

$500,000 to $3 Million; for portfolio loans: $75,000 minimum loan amount per property (purchase price or refinance payoff + rehab = $100,000+)  

Finance up to 70% LTC; 80% Max Blended LTC to 75% ARV 

Terms vary with: (1) construction/rehab experience on title, bought & sold or refinanced within last 3 years: (2) Experienced developer/builder with contracts with buyers & named on CO’s and/or permits may qualify if not on title; (3) Experienced partner as co-borrower and owns small % of entity 

660+ credit (best score of all borrowers) 

Term: 13, 19 and 24-months 

Competitive rates; no interest on undrawn funds 

  • Rate lock: Rates float until appraisals received & approved. Then priced to current rate sheet and stays locked 15-days 
  • If it does not close within 15-days, floats until cleared to close. Borrower locked for another 15-days. 

Origination: 2+ points  

Non-recourse option  

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

Lot requirements: 

  • Entitled ready to build within 90-days of closing 
  • Permits before 1st draw (not at loan closing) 
  • Split and individually parceled 
  • Water/sewer/well/septic lateral ready 
  • Properly zoned at time closing  

Requires architectural drawings created and stamped by architect, showing floor plans, elevation, and square footage before closing. 

Full permit set of plans not required until first draw release. Includes items in architectural drawings, systems and structure. Permits reviewed and approved by appropriate jurisdiction.  

More information about escrows, draws, inspections, scope of work, construction budget, and client online portal available on request. 

Subordinate debt with lender approval 

No prepayment or minimum interest 

Foreign nationals: lower leverage 

Liquidity: cash-to-close; reserves for monthly interest and project completion   

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. 

No bankruptcy, foreclosure, short-sales or deed in lieu last 3 years  

No more than 2 past due mortgage payments last 2 years  

From initial application to final 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 applicants.  

No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL. 

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