Multifamily Bridge Loans Program
When traditional financing falls short, we've got you covered
Multifamily Bridge Loan Program
A Multifamily-Bridge loan is a financing option that provides short-term funding for the purchase or refinancing of a 5+ unit apartment complex. With our loan program, you can benefit from the residual income, cash flow, and future appreciation that comes with owning an apartment complex, while we take care of the financing solution. Our Multifamily-Bridge loan program empowers you to focus on what really matters - growing your commercial real estate portfolio. This type of loan is particularly well-suited for the following scenarios:
1) When the property needs renovations.
2) When it time to make a move and close quickly
3) When the property is in an unstable state, has low occupancy, or is not producing any revenue.
Here at Loan Funding Solutions, our Multifamily loan programs close without fuss or hassle, even as little as 10-20 days beginning at the lowest rates in our airspace. Our Multifamily programs require no personal income requirements or verification and very little documentation, the ones your business should have on hand!
Program Overview
- Loan Amount: $250,000 - $12 Million (Case-by-case Basis)
- Term Length: 6 - 24 Months
- Max LTV: 90% (Combined) 80% (Purchased) 75% (Refinance) 65% (Cash out)
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Amortization: Interest Only
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Interest Rate: As low as 7.99%
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Closing Time: 10 - 14 Days
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Loan Use: Purchase, refinance, cash-out, Renovation, and Construction
About Multifamily Bridge Loan:
- Fast Closing 10-14 Days
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Up to 85% (High Leverage)
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Rehab Funding Available
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Flexibility
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Interest Only Payments
Qualifications
- Equity in the Property
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Origination Fee: 1.25% - 2.95% of the loan amount
- No Income Documentation Needed
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No Appraisal Necessary
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No Prepayment Penalty
Eligible Properties for Multifamily Bridge Loan
Multi-Family
When it comes to real estate, multi-family properties refer to housing complexes that contain five or more residential units within one or more buildings within a single community. At Loan Funding Solutions, we specialize in providing loans for real estate investors interested in purchasing or refinancing multi-family properties. We offer financing options starting at $250,000 to help you secure the funding you need to make your investment goals a reality.
Mixed Use
A mixed-use development combines residential and commercial functions into a single integrated complex or structure. In the following circumstances, Loan Funding Solutions will make loans to real estate investors looking to; purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from over $250,000.
Closing Documents Required
Property
- Purchase Contract
- Rent Roll & Leases
- Payoff Statement (If Refinancing)
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Appraisal
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Property Financials
Personal
- Loan Application
- Last 3 Month's Bank Statements
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Driver's License and/or Passport
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Track Record / Experience
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Passport/Visa (If Foreign National)
Business
- Articles Of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Is a Multifamily Bridge Loan The Right Option?
Building Your Multifamily Portfolio, One Bridge Loan at a Time.
Pro's of Our Multifamily Bridge Loan
Close in 10-14 Days
Up to 90% Combined LTV
Up to 80% LTC
Up to 75% LTV
Rates Starting at 7.99%
No DSCR or Occupancy Requirement
Low 575 Credit Requirement
No Income Documentation
No Prepayment Penalty
What's The Process?
Complete the process in as little as 10 days
Stage
1
Submit Loan
Application
Stage
2
Send Documents
&
Accept LOI
Stage
3
Valuation &
Title Ordered
Stage
4
Final Legal
Review
Stage
5
Close
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We take your privacy seriously. You are providing express "written" consent to contact you on behalf of Funding Zone, Network partners, or an authorized third party on their behalf to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply) and/or email, even if your telephone number is currently listed on any internal, corporate, state, federal or national Do-Not-Call (DNC) list.