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A multifamily property, in the world of commercial real estate finance, is any residential property containing five or more units.

Typical Financing Types

Short Term

Collateral

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Greater than 70% of Square Footage)

 
Term:

12 – 18 Months (Extended Terms Available)

 
Loan Amount:

Short-Term: $250k – $10M ($1M Max per unit)

 
FICO:

Short-Term: 620 Minimum

 
LTV: Values are average and can be higher or lower depending on the Project.
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Stabilized Bridge

Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value

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Fix & Flip

Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs

Long Term

Collateral

Multi-Family (5+ Units)

 
Term:

5, 7, 10, 30-Years 

 
Loan Amount:

$100,000 - $100,000,000+

 
FICO:

640 Minimum

 
LTV: Values are average and can be higher or lower depending on the Project.

Purchase: Up to 80% of the As-Is Value
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value

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Seller Financing:

On a case by case basis a percentage of your downpayment can come from Seller Financing.

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