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Which Multifamily Loan Is Best for You?

(1) FHA/HUD, Fannie Mae & Freddie Mac Loans:

  • Nationwide 
  • Refinance, Refi Cash-Outs & Purchase Loans
  • $1 Million to $100 Million+
  • Multifamily, mixed-use, mobile home parks, affordable, student and senior housing 
  • Term: 30+ Years
  • 2.75% to 4.5%
  • No or low points
  • High LTV’s
  • Fully Amortizing with no balloons
  • Nonrecourse
  • No tax returns required
  • Primary locations with 50,000+ population within 5 miles 
  • For stabilized, well maintained, 90%+ occupied last 3 months with annual leases paid monthly
  • Debt Service Coverage Ratio 1.25X+
  • Must have recent similar multifamily investment exprience 
  • 680+ middle credit score
  • Net worth (combined for all key principals) greater than loan amount  
  • Liquidity (combined for all key principals) greater than 10% of loan amount
  • No bankruptcy or foreclosures in last 5 years
  • Assumable 
  • Takes longer to close than private money and hard money bridge loans
  • No upfront Eagle fees; we are paid when your loan is funded at closing.

(2) Low Rate Multifamily Private Money Loans for credit worthy investors with stabilized properties who want a better alternative than bank financing…

  • Nationwide
  • Apartments, NOO SFR Rentals, student and affordable housing
  • $1 Million to $100 Million
  • 3.1% to 3.73% 30 year fixed
  • 2.92% to 3.35% 5 year fixed
  • Interest only option
  • Finance 80% of purchase price
  • Refinance up to 80%; Cash-out up to 75%
  • Mezzanine financing available
  • Amortization: 30 years
  • Flexible prepayment options
  • Primary locations with 50,000+ population within 5 miles 
  • For stabilized, well maintained, 90%+ occupied last 3 months with annual leases paid monthly
  • Debt Service Coverage Ratio 1.25X+
  • Borrower must have recent experience owning similar multifamily property(s) 
  • 700+ middle credit score required for all principals
  • Tax returns required 
  • Net worth (combined for all key principals) greater than loan amount  
  • Liquidity (combined for all key principals) greater than 10% of loan amount
  • No bankruptcy or foreclosures in last 5 years
  • Low loan costs
  • Points: 2 to 3
  • PRE-APPROVAL LOI in 24 business hours
  • Loans funded 4 weeks after we receive your completed loan docs
  • Non-recourse option
  • No upfront Eagle fees..we are paid when your loan is funded at closing

(3) Small Balance Multifamily Loans for non-bankable borrowersNationwide

  1. Multifamily and mixed-use
  2. $500,000 to $1.5 Million ($1 Million+ only in major MSA’s)
  3. 7.99%+
  4. Term: 5 to 25 years
  5. Refinance, Refi Cash-out or finance purchase up to 70%
  6. Amortization: 30 years
  7. Prepayment: 5/4/3/2/1 declining
  8. Primary locations with 50,000+ population within 5 miles 
  9. Requires property 80%+ occupied last 3 months with annual leases paid monthly
  10. Debt Service Coverage Ratio: 1.25X+
  11. Borrower must have recent experience owning similar multifamily property(s) 
  12. 600+ middle credit score
  13. Tax returns required 
  14. Net worth (combined for all key principals) greater than loan amount  
  15. Liquidity (combined for all key principals) greater than 10% of loan amount
  16. No bankruptcy or foreclosures in last 3 years
  17. Low loan costs
  18. Points: 3+
  19. PRE-APPROVAL LOI in 24 business hours
  20. Loans funded 4 weeks after Eagle receives your completed loan docs
  21. No upfront fees..we are paid when your loan is funded at closing.

(4) Bridge and Hard Money Multifamily Loans: used by real estate investors and developers to:

  • Refinance expiring balloon loan to a permanent loan with better terms
  • Refi cash-out to make repairs so property qualifies for permanent loan   
  • Refinance expiring term until refinance with a FHA/HUD, FNMA or Freddie Mac loan 
  • Carry a subdivision development until the homes are sold
  • Stabilize a multifamily property so it’s cash flow and debt obligations qualify for a permanent loan
  • Cash-out to finish a rehab or construction project that’s exhausted its financing
  • Nationwide  
  • $500,000 to $100 Million
  • Multifamily & mixed-use
  • Term: 12 to 36 months
  • 7.99% to 10.75%
  • Interest only
  • Prepayment penalties: minimal 
  • Finance 60% to 70% of purchase price
  • Refinance 60 to 70% of appraised value
  • Finance Rehab & Construction up to 85% LTC up to 70% of ARV
  • 620+ credit
  • Can payoff past due property and income taxes
  • Loans close 4 weeks after Eagle receives your completed loan docs

Get Your Free Multifamily or Healthcare Loan PRE-APPROVAL LOI in 24 Business Hours by clicking the blue Multifamily & Healthcare Loan Link. Will take you less than 4 minutes to click through. No upfront fees, Social Security Numbers, credit checks or credit cards are required.

 

 

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