Multifamily Small Balance Loan

Braxton and Company arranges Multifamily Small Balance Loans for stabilized properties. Our relationship is with an established Private Portfolio Lender that works directly with brokers. The loan is eligible for borrowers seeking premium rates and terms. Fixed and Hybrid options, wholesale interest rates, non-recourse and quick closings make this loan program a viable alternative to a traditional bank loan. Loan amounts are between $1 million and $7.5 million with a maximum LTV of 80%.

Contact me to discuss your scenario or for additional information.

Key Points

Minimum FICO 650

Minimum 85% occupancy*

45-day rate lock upon signed Letter-of-Interest

Streamlined loan process

Affordable Housing - Ok

 

 

Terms

$1 million - $7.5 million

LTV: up to 80%

Interest: from 4.04%**

Rate: Fixed, Hybrid and Interest Only Options

Fixed Term: 5, 7 and 10 years

Hybrid Term: 20 year with initial 5, 7 or 10 year fixed rate period

Amort: up to 30 years and Interest Only Available

DSCR: 1.20x - 1.40x minimum (market dependent)

Multiple Prepayment Options

Non-Recourse Loan

Assumable

 

 

Purpose

Acquisition

Refinance

Cash-Out

 

 

Collateral

Multi-Family (5+ units)

*Short term Bridge-to-Permanent loan available for properties not meeting occupancy requirements

**Assumes YM prepay, 60% LTV, 1.35x DSCR, no affordability discount, and no IO.
**Pricing is based on: Location, Loan Term, Loan-to-Value, DSCR, Prepay, Credit Profile and Quality of Sponsorship.

Interest rate updated weekly.