Best Rate Stabilized Multifamily Bridge Loans
5+ Residential units, apartments, workforce and affordable Housing
4.75%+
$500,000 to $20 Million
No tax returns or income verification
No upfront fees
Term: 2 years + 2 one year extensions
Finance 80% of purchase price
Refinance 75% of appraised value
Cash-out at 70% of appraised value
680+ middle credit score
Origination varies
No prepayment penalties (minimum 6 to 12 months interest)
No rehab funds
Non-Recourse for 25 to 50 bps
DSCR: 1.05X; take-out at 1.20 with agency debt assumption of 2 year proforma
Required liquidity: 6 months payments
Required net worth: equal to loan amount
Bankruptcy: none in 7 years
No foreclosure, short sales or deed in lieu in 4 years
Foreign nationals at lower leverage
No subordinate debt
Funding in 3 to 5 weeks
Please click blue Commercial Hard Money Bridge Loan for FREE PRE APPROVAL Term Sheet within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES TO GET STARTED NOW. No credit cards, Social Security Numbers or credit checks required.
