Multifamily and Student Housing
Stabilization Rehab Bridge Loans (5 to 100 Units)
No Tax Returns
No Income Verification
No upfront fees
Nationwide (except Arizona, Nevada, North Dakota, South Dakota and Vermont
Top 150 MSAs
Class A, B, or C properties
Finance 85% of purchase price + 100% rehab to 75% ARV
Refinance 70% +100% rehab to 75% ARV; cash-out available
Single property loan amounts: $1 million to $10 million
Portfolios loan amounts: $2 million to $100 million+
Competitive fixed interest rates
Rate locks
Term: 2 to 3 years
Interest only on drawn balance
No prepayment; minimum interest 25% of term
680+ middle credit score
Origination may be deferred to loan exit
Appraisal required
Loans must close in LLC or corporation name
Non-recourse available
Liquidity required: 10% of loan amount
Net worth: 10% of loan amount (maximum required $500,000)
No in place DSCR; Takeout DSCR >1.20x with agency debt assumption of 2 year proforma
No bankruptcy last 7 years
No foreclosure, short sales or deed in lieu last 3 years
First lien only; no subordinated debt
U.S.A. citizens, permanent resident aliens and foreign nationals
Close in 30-days or less
To submit your online loan request, click 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.