Multifamily (10 to 100 Units) Light Cosmetic Rehab Loans
Eagle Commercial Funding Capital Corporation is a Direct Private Commercial Lender in 45 States and partners with several capital providers.
No upfront fees, tax returns or income verification
Financing for experienced builders, rehabbers, and investors
Urban, suburban and rural locations
Nationwide (except AK, NV, ND, SD or VT).
No upfront fees, tax returns or income verification
Loans close in 30-days or less
Fast in-house draws
Finance, refinance or cash-out up to 75% of purchase price/loan payoff and 100% of rehab up to 85% Blended LTC to 75% ARV
Loan amounts: $500,000 to $9 Million per property
Term: 12 to 36-months
Competitive rates; no interest on undrawn funds
Interest only
Prepayment penalty: 3 to 12 months interest paid
Origination 2+ points
Credit: 660+
Non-recourse available
Eligible property types:
- 10 to 100 unit multifamily
- Class A, B or C
- Market rate, workforce, affordable housing, Section 8 and HAP contracts
- Mixed-use where <40% of square footage commercial
- Condos
- Assemblages of 1-to-4-unit dwellings operated as a single multifamily property
- Student housing
Eligible borrowers: Corporations, LLC’s, partnerships, fund and TIC structures
Eligible sponsors: US citizens, permanent resident aliens, foreign nationals
No bankruptcy last 7 years
No foreclosure, short sales or deed in lieu last 4 years
Liquidity: cash-to-close; reserves for monthly interest and project completion
Net worth: for loans <$5 million: loan amount; $5 to $20 million: $5 million
Seller notes or subordinated debt on case by case basis
First mortgage
Must close in entity name
DSCR in place doesn’t matter but 1.20X+ with agency debt assumption in 2 years
From initial application to loan payoff, we’re here for you.
Let’s Finance Your Next Deal!
To submit your online loan request, click the blue GET STARTED Link for PRE-APPROVAL 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.