Commercial and Multifamily Bridge Loans

From $250,000 to $10,000,000. Purchase, refinance, and value-add. 1 to 3-year term. No DSCR requirement. Close in 30 days or less.

Commercial Loan Highlights

  • Property Types:
    • Multifamily
    • Mixed-use
    • Office
    • Industrial/Warehouse
    • 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 9%-14%
  • 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.