MultiFamily
A multifamily property, in the world of commercial real estate finance, is any residential property containing five or more units.
Typical Financing Types
Short Term
Collateral
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Greater than 70% of Square Footage)
Term:
12 – 18 Months (Extended Terms Available)
Loan Amount:
Short-Term: $250k – $10M ($1M Max per unit)
FICO:
Short-Term: 620 Minimum
LTV:
Stabilized Bridge
Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value
Fix & Flip
Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs
Long Term
Collateral
Multi-Family (5+ Units)
Term:
5, 7, 10, 30-Years
Loan Amount:
$100,000 - $100,000,000+
FICO:
640 Minimum
LTV:
Purchase: Up to 80% of the As-Is Value
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value