Low Rate Private Money Multifamily Loans
For credit worthy investors with stabilized Multifamily properties who want a better alternative to bank financing…
- Nationwide
- Multifamily 5+ unit (A, B & C properties); 50,000+ population
- $1 Million to $15 Million
- 3.25% to 4.85% fixed
- Interest only option (12 to 36 months)
- Low loan costs and points
- 5 year term
- Amortization: 25 years for low monthly payments
- Finance up to 75% of purchase price
- Refinance up to 75%; Cash-out up to 75%
- No tax returns required
- Experienced borrowers with 680+ credit
- No prepay
- Nonrecourse
- For stabilized, well maintained properties, 80%+ occupied
- Monthly/annual leases
- Tenant rents curent confirmed by recent bank statement
- Debt Service Coverage Ratio required: 1.25X+
- Borrower must have experience in last 3 years owning similar sized multifamily property(s)
- Borrower net worth greater than loan amount (combined for all key principals)
- Borrower liquidity greater than 25% of loan amount (combined for all key principals)
- No bankruptcy or foreclosures in last 3 years
- Loans funded 4 to 6 weeks after receipt of loan docs
- Non-recourse option
- No upfront fees..we are paid at closing when your loan is funded.
Please click FREE blue Low Rate Private Money Multifamily Loan Link for FREE PRE APPROVAL LOI within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES TO GET STARTED. No upfront fees, credit cards, Social Security Numbers or credit checks are required.
