Rehab Loan
Commercial Apartments & Mixed Use | 5 Units + | Bridge Loans | Purchase & Rehab
Program #LG649
Commercial Apartments & Mixed Use | 5 Units + | Bridge Loans | Purchase & Rehab
Program #LG649
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | Mixed use, Multi Family |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $200,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 11.5% |
| Interest Rate Maximum | 12.5% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2.5 |
| Terms | 1 year, 18 month |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 680 |
| Fees | Underwriting |
| Cross Collateralize Blanket | No |
| Lien Position | 1st |
| Max Points Charge by Broker | 5 |
| Fixed or Adjustable | Fixed |
| Recourse | Recourse and Non Recourse available |
| General Pricing or Guideline info | [] Apartments 5+ units, Mixed Use with > 70% Residential [] No tax returns required [] No Interest charged on rehab portion until funds are drawn |
| Updated as of | 2024-02-18 |
[] Apartments 5+ units, Mixed Use with > 70% Residential
[] No tax returns required
[] No Interest charged on rehab portion until funds are drawn
- Jonathan Finman
Managing Partner
