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 $250,000 covers the smallest of projects and extends to beyond $25 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

For Value Add Rehab

No DSCR Requirements

No Interest Charged on Holdback

Experience Required

Quick Closings

 

 

Terms

$250,000 - $25 million+

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

ARV: up to 70%

Interest: from 6.50%*

Rate: Fixed and ARM options

Term: up to 36 months

Amort: Interest Only

No Minimum DSCR

No Pre-Payment Penalty

Recourse and Non-Recourse options

 

 

Purpose

Acquisition and Renovation

Refinance and Renovation

 

 

Property Types

Multifamily (5+ units)

Mixed-Use >50% Residential

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