Purchase Acquisition Funds or Refinance Multifamily or Mixed-Use Rental Properties with 5+ units
Multi-Family
- PROPERTY TYPES: Residential Buildings with 5+ Units
- LOAN AMOUNT: $500,000 - $5,000,000
- LOAN TYPES: Interest Only | Fixed/Adjustable Rate Mortgage Options
- MAXIMUM LOAN TO COST: Purchase Loans: 75% of Purchase/As-is Value + 100% of Rehab Costs
Refinance Loans: 65% of As-is Value + 100% of Rehab Costs
Cashout Refinance: Subject to LTV guidelines based on mid FICO score - MAXIMUM LOAN TO STABILIZED VALUE: Purchase/Rate-Term Refinance: 70%
Cashout Refinance: 65% - TERM LENGTH: Up to 24 Months + Two 6-Month Extensions
- MINIMUM GUARANTOR FICO: Mid-Score of 680