Multifamily Bridge Loans
Apartment Bridge Loans – For sponsors interested in a reliable source of financing for their apartment buildings, our loans provide the flexibility and certainty to execute on their value-add projects
- Loans from $1MM to $15MM
- Eligible Transactions: Purchase, recapitalization, refinance (Including Cash Out), upgrades and/or seasoning
- Max LTV: Up to 70% of the stabilized value
- Rate: starting at 5.99%
- Minimum Occupancy: 70% (lower in some instances)
- Points: Determined by the property, sponsor, and Loan
- Closings: In as little as 20 business days
- Amortization: Interest Only (No interest charged on undisposed funds)
- Loan Term: 12-36 Months
- Guarantee: Non-Recourse and Recourse Options
- Eligible Properties: Any Apartments 5 Units (Per door minimum $50k)
Advantages of MultiFamily Bridge Loans
- Specialize in value-add projects
- Fast closings in as little as 20 business days
- No DSCR Minimum required at purchase
- Flexible loan structures that often are for agency misses, lease-up or turn-around stories