Small Multi-Family (5 – 24 Units)

Multifamily financing allows real estate investors to purchase or refinance small multiunit properties with smaller projects with five or more units. Multifamily loans are good for both new and experienced investors

The Small Business loans fill the gap for smaller properties where most commercial lenders requires a minimum loan amount of $1 million. Loans are generally risk based priced with the loan to value, credit score, debt service coverage ratio and investor experience determining the borrower cost of financing.

LOAN CRITERIA
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 70% of Square Footage

Minimum DSCR 1.0
Loan amounts down to $250K
Down to 625 Mid FICO
No deposits required
Max 70% LTV on Purchase & Rate-Term Refi
Max 65% LTV Cash Out Refi
Loan amounts up to $3M
Multifamily Residential Properties 5-24 Units
Single Asset Entities Only
Interest Only options available
Minimum 6 months P&L in Reserve
30 Years Fixed rates Available
5 Year Interest Only Options
$250,000 Minimum Loan Amount
C-Corps, S-Corps and LLC legal Entity Eligible
Full Recourse Guaranty