skip to Main Content

Multifamily value-add bridge loans for properties that need light, cosmetic rehab stabilization loan program

A, B, C Apartments, affordable and workforce housing with 5+ units

$1 Million to $20 Million 

Finance 85% LTC of purchase/refinance plus rehab up to 75% of ARV

Cash-out options available

Rates as low as 5.75% on drawn funds

Interest only

No upfront fees, tax returns or income verification

Fast, streamlined funding in 4 to 8 weeks

  1. Nationwide (primary, secondary and tertiary markets)
  2. For cash-outs: no monthly payments until 4th month (3 months PITA escrowed)
  3. 680+ mid FICO credit score
  4. Term: 24 months plus 2 one year extensions
  5. Origination: varies
  6. Prepayment penalties: none (minimum interest 6 to 12 months)
  7. Non-recourse for 25 to 50 bps
  8. In place DSCR N/A; Takeout DSCR >1.20x with agency debt assumption of 2 year proforma
  9. Must close in LLC or corporation name 
  10. Liquidity required: 9 months of loan payments + 20% of rehab budget
  11. Net worth must equal loan amount
  12. No bankruptcy last 7 years
  13. No foreclosure, deed in lieu or short sales last 4 years
  14. Subordinate debt not permitted
  15. Foreign nationals with leverage reduction
  16. Fast, streamlined due dilligence and funding
  17. In-house servicing 

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

Back To Top