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.
Minimum FICO 650
Minimum 85% occupancy*
45-day rate lock upon signed Letter-of-Interest
Linked loans to accommodate noncontiguous parcels
Streamlined loan process = lower cost of execution
Affordable Housing - Ok
$1 million - $7.5 million
LTV: up to 80%
Interest: from 4.29%**
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
Multi-Family (5+ units)
*Short term Bridge-to-Permanent loan available for properties not meeting occupancy requirements
**Pricing is dependent on: Loan Term, Location, Loan-to-Value, DSCR, Credit Profile and Quality of Sponsorship.
Interest rate updated weekly.