Multifamily Bridge Loan Program
A “Multifamily-Bridge loan” loan is a short-term loan used to purchase or refinance a 5+ unit apartment complex.
We provide the financing solution so that you can enjoy the residual income, cash flow, and future appreciation that comes with owning an apartment complex.
Our multifamily bridge loan program puts you back in the driver’s seat so that you can focus on what matters… expanding your commercial real estate portfolio.
A Multifamily-Bridge loan is a great fit in the following situations:
- 1.When the property needs renovations.
- 2.When you are in a time crunch to close quickly.
- 3.When the property is not stabilized, leased up, or generating any income.
At Hard Money Loan Lender, our Multifamily loans close very quickly… even in as little as 10-14 days starting at 7.99%! Our Multifaimily loans require no personal income verification and very little documentation.
Program Summary
| Loan Amount: | $250,000 – $250 Million (larger loans case by case) |
| Term Length: | 12 – 36 months |
| Max LTV: | 90%(Combined) 90%(Purchase) 100%(Rehab) 80% (On Refi.) |
| Amortization: | Interest only |
| Interest Rate: | Starting at 6.49% |
| Credit Requirement: | 580 FICO |
| Closing Time: | 10 – 14 Days |
| Loan Use: | Purchase, refinance, cash-out, construction, renovation |
Pro's About Multifamily-Bridge Loans:
- High Leverage (up to 85% LTC)
- Quick Closing in 10-14 Days
- Interest-only payments
- No Income Documentation
- No Debt Service Ratio
- Rehab Funding Provided
What Do I Need To Qualify?
- Simple... Equity in the property!
- Origination Fee: 1.25% - 2.95% of the loan amount
- Prepayment Penalties: None!
Eligible Properties for Multifamily-Bridge Loans
Multi Family (No Limit on units)
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Hard Money Loan Lender, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Mixed Use
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Hard Money Loan Lender, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Required Documents for Closing
-
Property
Documents
- Purchase Contract
- Payoff Statement (if Refinance)
- Rent Roll & Leases
- Property Financials
- Appraisal
-
Personal
Documents
- Loan Application (Download)
- Track Record (Download)
- Last 3 Months of Bank Statements
- Driver’s License (Front & Back)
- Passport/Visa (if Foreign National)
-
Business
Documents
- Articles of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Is a Multifamily Loan Right For Me?
Need to close fast? Hard Money Loans are a great fit!
Benefits of our Multifamily Bridge Loans:
- Close in 10-14 Days
- Up to 90% Of Purchase
- Up to 100% of Rehab
- Rates Starting at 6.49%
- No Income Documentation
- No DSCR or Occupancy Requirement
- Low 580 Credit Requirement
-
No Prepayment Penalty
Ask about 100% Financing Debt/Equity Program! ($2-$25million)
Approval Process
Close in as little as 3-7 Days with 5 easy steps!
Step
1
Submit Loan Request
Step
2
Upload Documents & Accept LOI
Step
3
Valuation & Title Ordered
Step
4
Final Legal Review
Step
5
Closing
Eligible Properties for Hard Money Loans
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Hard Money Loan Lender, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.
Retail
Retail is any property used for commercial retail space such as a storefront for selling goods or services. Hard Money Loan Lender will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Multi Family
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Hard Money Loan Lender, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Office
Office is a property classification which generates income from tenants comprised of businesses and professionals. Hard Money Loan Lender will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Mixed Use
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Hard Money Loan Lender, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Hospitality
Hard Money Loan Lender will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.
Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive
Common uses include: Acquisition, refinance, cash-out, renovation / construction
Common uses include: Acquisition, refinance, cash-out, renovation / construction
For additional information on multifamily bridge loans CLICK HERE!