Commercial and Multifamily Bridge Loans
Commercial and Multifamily Bridge Loans From $500,000 to $10,000,000. Purchase, refinance, and value-add. Terms up to 24 months. No DSCR requirement. Close in 30 days or less.
Commercial Loan Highlights
- Property Types:
- Other property types on a loan-by-loan basis
- Rehab/Value-Add, Bridge-to-Stabilization, and Cash-out Refinance
- LTV up to 75% (Loan-to-ARV up to 65% for value-add)
- Rates from 10%-13%
- Credit score down to 620
- No DSCR requirement
Commercial Loan FAQ’s
Where do you lend?
For commercial loans, we lend in metropolitan statistical areas that have at least a population of 50,000.
What property types are ineligible?
We cannot lend against special purposes properties such as Gas Station, Convenience Store, Car Wash, Auto Dealership, Auto Repair, Self-Storage, Boat Storage, Restaurants, Hospital, Medical Facilities (Surgery, Nursing, Rehab), Assisted Living, Schools, College, University, Religious Facility, and Sports Facility.
Do you provide loans for rehab/cap-ex?
Yes, we can structure a rehab holdback that is released through draws as work is completed.
Do you require an interest reserve?
We may require an interest reserve (pre-paid interest) at closing. It ranges from 3-12 months and depends on the borrower’s loan request and credentials.
Can I owner occupy the commercial property?
Yes, but only if the property is purely commercial and not residential, like a MFR or mixed-use property.
Can you lend against land?
In certain circumstances we may be able to consider lending against land. The land value would need to be $500k or more.
Do you have a seasoning requirement on cash-out refinances?
Yes – properties owned for less than 12 months will be evaluated against the purchase price and capital expenditures incurred since purchase.
Is there a prepayment penalty?
Loans with a 12-month term will typically have a minimum interest requirement of 3-6 months. Loans with a term >12 months will have a minimum interest requirement of 6 months.
Do you require a personal guaranty?
Yes, all loans require a personal guaranty from any member owning at least 25% of the borrowing entity, with a minimum of 51% of the owners providing a guaranty.