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Multifamily stabilized bridge loans for properties that need seasoning to qualify for permanent financing

No upfront fees, tax returns or income verification

Apartments, affordable and workforce housing

$1 Million to $20 Million 

Finance 80% of purchase

Refinance 75% of appraised value

Cash-out options available

6.5%+ fixed (lower with buy-downs)

Interest only

Fast, streamlined funding in 4 to 6 weeks

  1. Nationwide (primary, secondary and tertiary markets for Class A, B and C properties)
  2. No rehab
  3. For cash-outs: no monthly payments until 4th month (3 months PITA escrowed)
  4. 680+ mid FICO credit score
  5. Term: 24 months plus 2 one year extensions
  6. Origination: varies 
  7. Prepayment: none (minimum interest 6 to 12 months)
  8. Non-recourse for 25 to 50 bps
  9. In place DSCR >1.05x; Takeout DSCR >1.20x with agency debt assumption of 2 year proforma
  10. Must close in LLC or corporation name 
  11. Liquidity required: 6 months of loan payments
  12. Combined net worth for all sponsors up to $5 Million
  13. No bankruptcy last 7 years
  14. No foreclosure, deed in lieu or short sales last 4 years
  15. Subordinate debt not permitted
  16. Foreign nationals with reduced leverage 
  17. Fast, streamlined due diligence and funding
  18. In-house servicing 

To submit your online loan request, click the blue GET STARTED Link for your PRE- APPROVAL Term Sheet within 48 business hours. No upfront fees, credit cards, tax returns, income verification, Social Security Numbers, or credit checks required for PRE-APPROVAL.

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