Multifamily Construction Lending Guidelines

If you are seeking construction bridge financing for multifamily and apartment projects, we are here to assist. In most cases, we can get a construction loan approved for you for 70% of the total value of the property, or 80% of cost. We are a commercial bridge construction lender and offer bridge loans for construction of apartments Nationwide. 

  Term: Up to 36 months preferred

  Target Loan Size: Up to $75,000,000

  Structure: Interest only, paid monthly (We can provide an interest reserve)

  Rate: Floating rates with a floor of between 7.5% and 9%

  Fees: Typically up to 1% per year (To be paid at closing)

  Loan to Cost: Up to 80% of cost

  Loan to Value: Up to 70% of value Collateral: First lien deed of trust/mortgage on the property

  Guaranty: Limited recourse in the event of specific bad acts and Completion Guarantees required.

  Payment Guarantee: TBD based on the project and sponsor.

  Borrower Equity: The Borrower is to invest required equity into the project prior to funding

  Prepayment: Varies by Project Underwriting: Based on experience of the sponsor, fundamentals of the business plan, location and underlying value of the property 

  Target Markets: Austin, Dallas/Fort Worth, Houston, San Antonio, Phoenix, Nashville, Denver, Colorado Springs and other major metropolitan areas  across the United States

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