COMMERCIAL APARTMENTS & MIXED USE PURCHASE & REHAB FUNDING

 

Commercial purchase and rehab loans from $250,000 to $5,000,000 for multifamily and mixed use properties.

Commercial Apartments or Mixed Use Purchase and Rehab (12-18 months):
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 or Conversions
Term: 12-18 months
Rate: Starting at 10.99%
Points: Vary based on loan amount
Credit Score: 680 Minimum
No pre-payment penalty

 

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 net worth

• Credit score 650 or better

• Ability to perform exit strategy required

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