Our business purpose program can be used to finance existing small and middle market investment properties and apartments that are stabilized or are in need of renovation with value-add or repositioning strategies.
Key Facts About Our Multifamily Commercial Loan
- 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
| MINIMUM GUARANTOR FICO | Mid-Score of 680 |
|---|---|
|
MARKETS |
Primary, secondary and tertiary |
|
LOAN TERM
|
12 to 24 months |
|
RECOURSE |
Loans ≤ $2MM: Full Recourse Loans > $2MM: Full Recourse or Limited Recourse with bad-boy carveouts Completion Guaranty/Reserve Replenishment Guaranty when applicable |
|
LOAN TYPES |
Interest Only | Fixed/Adjustable Rate Mortgage Options |
|
EXPERIENCE |
Prior multifamily property ownership experience required |
|
LOAN AMOUNT |
$500K - $5MM |
|
LOAN PURPOSE
|
Multifamily bridge loans for purchase or refi of small and middle-market investment properties (5+ multifamily units) that are stabilized or in need of renovation/value-add.
|
|
PROPERTY TYPE |
5+ unit Multifamily, min $35,000 per door Acceptable properties are Class A, B and C grade. Class D properties will be considered on a case-by-case basis |
|
MAXIMUM LEVERAGE LOAN-TO-COST (LTC) LOAN-TO-VALUE (LTV) COST IS PURCHASE PRICE AMOUNT |
Up to 75% of purchase price and 100% of renovation costs subject to 80% total (LTC) | 70% of stabilized value (LTV) Cash-out refi 65% |
|
BORROWER RECOURSE |
Recourse and Non-recourse. Non-recourse option will have standard carve-outs; availability will be determined on a case-by-case basis. |
|
FOREIGN NATIONALS |
Allowed with established US credit subject to 55% stabilized LTV max |
OVER $8 BILLION IN LOANS FOR REAL ESTATE INVESTORS
Why Choose EZ Financial Group Family Bridge Loan?
- Up to 100% financed renovation with a completed project and future rental value analysis
- Provides short-term placement with an outlook for permanent financing at the end of the term of the loan
GET STARTED
Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.
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