Multifamily Renovation Loan

The Multifamily Renovation Loan provides for minor or major renovations, upgrades and value add purchases. Prior borrower experience in similar projects is required. A great product for providing renovations and the time needed to lease-up for stabilized rent rolls. Loan amounts from $500,000 covers the smallest of projects and extends to beyond $15 million. Investors and Developers demonstrating a successful track record of multifamily development in all types of communities are encouraged to apply.

Contact me to discuss your scenario or for additional information.

  

Key Points

$500,000 Minimum Loan Amount

For Value Add Rehab

No Occupancy Requirements

No DSCR Requirements

Experience Required

Close within 30-45 days

 

 

Terms

$500,000 - $15 million+

LTC: up to 80% on purchase and 100% on rehab

ARV: up to 70%

Interest: from 7.00%*

Rate: Fixed and ARM Options

Term: Up to 36 months

Amort: Interest Only (No interest charged on undispersed funds)

No Minimum DSCR

No Pre-Payment Penalty

Recourse and Non-Recourse Options

 

 

Purpose

Acquisition and Renovation

Refinance and Renovation

 

 

Property Types

Multifamily (5-300+ units)

*Pricing is dependent on: Experience, Credit Profile and Quality of Sponsorship.