Multifamily Bridge Loan
Loan Size |
From $1 Million to $25 Million |
| Location | Urban and suburban US properties nationwide excluding Nevada |
| Collateral | Multifamily properties with 5 or more units |
| Rates | 8.99% - 9.99% and 2-3 points |
| Terms | Up to 2 years |
| Max LTV |
65%
|
| Max Loan to After Renovated Value | 65% |
| Creative/Flexible |
Blanket loans; points and fees wrapped into the loan; multiple income sources considered.
|
| Due Diligence | A deposit of $5,000 - $15,000 is required upon acceptance of a term sheet. The deposit is credited against third party costs of underwriting: fair market value evaluation fee, inspections, site visit, legal costs, escrow, etc. |
