Bridge Loan
Multifamily Bridge
Program #LG502
Multifamily Bridge
Program #LG502
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Multi Family |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 7.25% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2 |
| Terms | 1 year, 18 month, 2 year |
| Credit Score Min | 660 |
| Lien Position | 1st |
| Recourse | Recourse and Non Recourse available |
Key Facts About Our Multifamily Commercial Loans
- Purchase, refinance, refinance cash-out or value-add/rehab
- 12-to-24-months, fixed rate, interest only loans
- Unlimited unit count, min $35,000 per door
- 5+ unit Multifamily
- Class A, B and C grade. Class D (case-by-case)
- Underwritten to Agency takeout
FOREIGN NATIONALS
Allowed with established US credit subject to 55% stabilized LTV max
These descriptions are limited information and meant for general reference purposes.- Katina Magac
