Multifamily Major Structural Rehab Loans (10 to 100 Units)
Financing for experienced builders, rehabbers, and investors experienced
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
Urban, suburban and rural properties
Nationwide (except: AK, NV, ND, SD or VT)
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 fixed rates; no interest on undrawn funds
Prepayment penalty: 3 to 12 months interest paid
Origination 2+ points
Eligible property types:
- 5 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
- 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 of 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 not permitted
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.