Commercial Apartments and Mixed Use Purchase and Rehab (12-18 months) Guidelines & Pricing: Loan Amount: $250k-$5M LTV of Purchase price: up to 80% LTC of Rehab amount: 100% Max Loan to ARV: up to 70% Minimum As-Is Appraised Value: $250k Collateral:Commercial apartments 5+, Mixed use with Apartments, Condo Conversions, No limit on number of units Term:12 months Rate:Starting at9.99% Points:Vary based on loan amount Credit Score:680 Minimum No pre-payment penalty
If you need a bridge loan or a rehab loan for Multifamily with 5 or more units, or a true Mixed-Use (commercial with at least one residential unit) then I am your guy! We offer this program in 45 states. Broker Fees appear on the HUD and your client is always yours.
We are direct lenders and want to finance your deals!