Multi-Family Loans

We offer a variety of multi-family loans through our conduit network of lenders to secure the loan terms which most align with your needs. We originate FNMA, FHLMC, conventional and bridge loans for these properties.

General Underwriting Criteria

• 5 plus to 500 units
• Fixed, variable, and hybrid interest rates.
• 3,5,7,10,15, and 25 year terms
• Prepayment penalty includes: step down, yield maintenance, and buy-out options
• 75% Loan to cost
• 1.25 DSC
• Construction loan, through lease up and permanent loan.
• Bridge loan

Documentation:

Typical financial and background information required of the borrower, guarantors, and contractor. There are no personal guarantees according to FNMA and FHLMC permanent loan programs. Therefore, tax returns are not required. We have stated loan programs which do not require any tax returns.

In all cases, profit and loss statements specific to the property, rent rolls, and copies of leases are required at a minimum.

Loan Programs

• Conventional to $2 million
• FNMA-FHLMC from $1-$50 million
• Bridge from $500,000
• CMBS