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
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.
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