Major Structural Rehab Loans (10 to 200 Units)
Multifamily, Mixed-use and Commercial Properties
Qualified applicants: experienced developers, builders, rehabbers, and investors
Eagle is a Direct Private Commercial Lender in 44 States.
We partner with various investors to fund our loans.
No upfront fees, tax returns or income verification required
Urban, suburban and rural properties
Nationwide (except: AK, AZ, NV, ND, SD or VT)
Loans funded in 2 to 4 weeks
Fast in-house draws
Finance, refinance or cash-out up to 80% of purchase price/loan payoff plus 100% of rehab up to 85% Blended LTC to 75% ARV
Loan amounts: $1 million to $50+ million per property (smaller loan amount per property minimums for portfolio loans over $1 million)
Term: 12 to 36-months
Competitive fixed rates paid only on drawn funds
Interest only
Prepayment penalty: 3 to 12 months interest
Origination: 1 to 2+points
Mid FICO Credit Score: 660+
Non-recourse available with lender discretion
Eligible property types:
- 10 to 200 unit multifamily, mixed-use, and commercial proporties
- Class A, B or C
- Market rate, workforce, affordable housing, Section 8 and HAP contracts
- Condo style townhomes
- Assemblages of 1-to-4-unit dwellings operated as a single multifamily property
- Student housing
- Assisted Living
Eligible borrowers: Corporations, LLC’s, partnerships, and syndication structures
Eligible sponsors: US citizens, permanent resident aliens, foreign nationals
No bankruptcy, foreclosure, short sales or deed in lieu last 4 years
Liquidity: cash-to-close plus reserves for monthly interest and project completion
Seller notes or other subordinated debt not permitted
First mortgage
Must close in entity name
DSCR in place doesn’t matter but 1.20X+ with agency debt assumption in 2+ years
To submit your 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.