Loan Program Summary
- Loan amounts from $250,000 to $3,500,000
- Bridge to stabilization, refinance, construction loan takeout or sale
- Investment renovation
- 5+ units (includes mixed-use), multi-family must comprise 67% or greater of either the existing rentable square footage or the stabilized project revenue
- Rates from 8.99 (qualified borrower) and higher
- Interest only or amortizing
- Average FICO score must be 600
- Must demonstrate current or experience with multi-family asset class
- Environmental screen indicating no or low environmental risk
- Unit mix, current rent roll (most recent property financials are required
Loan Application
