Multifamily Stabilized Bridge Loans
5 to 200 Units per parcel
No Tax Returns
No Income Verification
No upfront fees
Nationwide (except Arizona, Nevada, North Dakota, South Dakota and Ve
Top 150 MSAs
Class A, B, or C properties
Finance 80% of purchase price
Refinance 70% of appraised value; cash-out available
Single property loan amounts: $1 million to $10 million
Portfolios loan amounts: $2 million to $100 million+
Competitive fixed interest rates
Rate locks
Term: 2 to 3 years
Interest only
No prepayment penaltes; minimum interest 25% of term
680+ middle credit score
Origination may be deferred to loan exit
Appraisal required
Loans close in LLC or corporation name
Non-recourse available
Liquidity required: 10% of loan amount
In place DSCR>100x. Takeout DSCR >1.20x with agency debt assumption of 2 year proforma
No bankruptcy in last 7 years
No foreclosure, short sales or deed in lieu last 3 years
First lien only; no subordinated debt
U.S.A. citizens, permanent resident aliens and foreign nationals
Close in 30-days or less
To submit your online loan request, click GET STARTED Link for PRE-APPROVAL Term Sheet 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.