COMMERCIAL PURCHASE & REHAB FUNDING

 

Available in major markets nationwide, commercial purchase and rehab loans from $250,000 to $5,000,000 for multifamily and mixed use properties.  The advantages of our commercial rehab financing include:

 

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 at 7.99%
Points: Vary based on loan amount
Credit Score: 650 Minimum
No pre-payment penalty
 

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Borrower Parameters:

A borrower seeking a hard money loan must meet the following generally stated minimum requirements. Specific minimum requirements are set following our receipt of a loan application.

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• Preferred borrowers can be Corporations or Limited Liability Companies

• Prior purchase and rehab experience preferred, but not required

• Reasonable cash reserves of about 10-15%

• Reasonable net worth

• Credit score 650 or better

• Ability to perform exit strategy required

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