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 & 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%.

 

 

Key Points

FICO 650+

Minimum 90% Occupancy

Minimum Net Worth Equal to Loan Amount

Minimum Liquidity 9 Months P&I

Short Term Bridge-to-Permanent Available

Lender Pays for: Appraisal Fee, Legal Fees, Phase 1 and Property Condition Assessment  

Wholesale Interest Rates

Instant Rate Lock (upon signed application)

Streamlined Loan Process

 

 

Terms

$1 million - $7.5 million

LTV: up to 80%

Interest: from 4.82% 

Rate: Fixed & Hybrid 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)